Macro Economy

California bars officials from prediction market insider betting as federal ban takes shape

By Bullbit Editorial · March 27, 2026

WhatCalifornia has barred officials from participating in prediction markets for insider betting as a federal ban takes shape.
WhyThe move aims to prevent government officials from exploiting their positions for personal gain.
SignalPrediction market platforms are strengthening trading restrictions and surveillance tools to combat insider trading.
TargetThe federal ban is expected to target platforms with more than **$10 million** in annual revenue.
RiskInsider trading risks are estimated to be around **5%** of total trades on these platforms.