Pritzker bars Illinois officials from using inside information on prediction markets
Illinois Governor J.B. Pritzker signed an executive order barring state employees, officers, appointees and agency board members from using non-public information or proxies to profit on prediction markets. Pritzker said the measure is intended to prevent officials from exploiting confidential information; the order comes as the state faces a Commodity Futures Trading Commission lawsuit over its authority to regulate designated contract markets.
The order restricts how Illinois public officials may trade on prediction markets, while the state's regulatory authority is being challenged.