Governor Newsom Bans California Officials From Insider Trading on Prediction Markets
California State Official Prediction Market Trading Ban·March 27 – March 27, 2026
20 days ago
Governor Newsom Bans California Officials From Insider Trading on Prediction Markets
Governor Gavin Newsom signed an executive order prohibiting state officials from using non-public information to bet on prediction markets. This ban applies to state employees and appointees who might use insider knowledge to wager on platforms like Kalshi or Polymarket News Report. Newsom stated that the state will not tolerate corruption and aims to prevent officials from profiting off their government roles Social Post. The order follows concerns that officials could use private data to gain an unfair advantage in financial betting News Report. Newsom also contrasted this policy with federal actions, arguing that California must lead the way in government ethics Social Post.
Gavin Newsom on BlueSkyGavin Newsom on XPOLITICO: Newsom to ban California officials from insider bettingBloomberg: Newsom Bars Officials From Insider Trading
Key Statements
PPOLITICO
“Governor Gavin Newsom issues an executive order banning California state officials and appointees from using nonpublic information to bet on prediction markets like Kalshi and Polymarket.”
This article confirms the specific scope of the executive order and the platforms it targets.
GGov. Gavin Newsom
“I’m signing an executive order banning California state officials from using insider information to place bets, including in prediction markets.”
This is the primary announcement from the official who issued the order.
News
Newsom Bars Officials From Insider Trading on Prediction Markets
Gavin Newsom to ban California officials from insider betting on prediction markets
Political Response
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