North Carolina governor bars state officials from using insider information in prediction markets
North Carolina Governor Josh Stein signed an executive order barring state officials from using non-public information obtained through their work to bet on prediction markets. Stein said he had no reason to believe officials were already making such bets; the order supplements existing state ethics law, while lawmakers have introduced a bill to ban prediction-market operations in the state.
Prediction-market operators and state officials face a new restriction on the use of work-related confidential information in bets.