New York Bans Insider Trading on Prediction Markets

New York state employees are now prohibited from leveraging non-public information for personal gain on prediction markets. Governor Kathy Hochul issued an executive order that specifically targets the use of insider knowledge for betting on future events. This move aims to uphold ethical standards and prevent potential conflicts of interest within the state government. The order clarifies that employees cannot trade on information that is not publicly available, ensuring a level playing field and maintaining public trust in government operations.