The Governor of California signs an executive order prohibiting public officials from using insider information to participate in prediction markets.

Odaily · 2026-03-28T01:15:21+00:00

Odaily Planet Daily reports that California Governor Gavin Newsom signed Executive Order N-4-26 on March 27, explicitly prohibiting public officials appointed by the governor from profiting from non-public information obtained during their duties in prediction markets. The order also bans their assistance to spouses, children, and other related persons in participating in such activities. The order notes that recent cases of insider trading involving prediction markets related to geopolitical events have attracted regulatory attention. The California government stated that this move aims to strengthen ethical standards, maintain public trust, and ensure public officials focus on the public interest.

Odaily

2026-03-28 01:15:21

Odaily Planet Daily News - On March 27, California Governor Gavin Newsom signed Executive Order N-4-26, clearly prohibiting public officials appointed by the governor from profiting in prediction markets using non-public information obtained during their official duties, and prohibiting them from assisting spouses, children, and other related individuals in engaging in such behavior. The order noted that there have been recent cases of insider trading in prediction markets related to geopolitical events, raising regulatory concerns. The California government stated that this move aims to strengthen ethical constraints, maintain public trust, and ensure that public officials focus on the public interest.

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