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Wisconsin governor bars state workers from using insider information on prediction markets

Regulation

Wisconsin Governor Tony Evers signed an executive order prohibiting state government workers from disclosing or using insider information to benefit personally through prediction markets. The order addresses prediction market contracts and betting; the report says Illinois, New York, Maryland and California have also acted against insider trading on these markets.

The order restricts state workers’ use of non-public information in prediction market activity in Wisconsin.

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Regulation

Arizona governor bars executive staff from exploiting confidential information in prediction markets

Arizona Governor Katie Hobbs issued an executive order prohibiting state executive-branch employees from disclosing or using confidential information to profit from, avoid losses in or assist others with prediction-market trades. Violations may result in dismissal, other discipline or referral to law enforcement; the order took effect immediately and remains in force until repealed or replaced.

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