The Governor of California signs an executive order banning insider trading in prediction markets.

MarsBitNews · 2026-03-28T03:15:22+00:00

Mars Finance reports that California Governor Gavin Newsom has signed an executive order prohibiting government officials from using non-public information obtained during their duties to profit from insider trading in prediction markets. The ban extends to their spouses, family members, and former business partners. The executive order explicitly states that public officials appointed by the governor are not allowed to use "confidential or non-public information" to bet on political or economic events related to their duties. Newsom stated that public service should not be a tool for profit and emphasized the need to draw clear boundaries between power and interests.

MarsBitNews

2026-03-28 03:15:22

According to Mars Finance, the governor of California, Gavin Newsom, has signed an administrative order prohibiting government officials from using non-public information obtained during their duties to profit from insider trading in prediction markets. The order extends this prohibition to their spouses, family members, and former business partners. The administrative order clearly states that public officials appointed by the governor are not allowed to use “confidential or non-public information” to bet on political or economic events related to their official duties. Newsom emphasized that public service should not become a tool for profit and stressed the importance of drawing a clear boundary between power and interests.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes