Cryptocurrency

Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading

By Bullbit Editorial · March 27, 2026

WhatCalifornia Governor Gavin Newsom signed an executive order banning public officials from using inside information on prediction markets.
WhyThe move aims to prevent insider trading and maintain public trust in government officials.
SignalThe ban applies to all public officials in California, including state and local government employees.
TargetThe executive order targets prediction market platforms, including those based in the US and abroad.
RiskFailure to comply with the ban may result in fines and disciplinary action, including removal from office.