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White House warns staff against using confidential information to trade prediction markets

Regulation

White House officials sent staff an internal reminder last month not to use confidential information to trade on prediction markets. The article also says lawmakers have called for scrutiny of some trades and proposed legislation addressing trading on military conflicts, but gives no details of a formal policy or measure.

The reminder and calls for scrutiny signal potential compliance and policy attention for prediction-market operators.

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Regulation

North Carolina governor bars state employees from using work information on prediction markets

North Carolina Governor Josh Stein has signed an executive order restricting state employees’ participation in prediction markets using information or resources connected to their jobs. The order also bars employees from helping others place such bets or allowing bets to affect their official duties. Violations may lead to employment discipline or referral to the State Ethics Commission or law enforcement.

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