Cryptocurrency
Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading
By Bullbit Editorial ยท 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.
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