Arizona governor prohibits state employees from using insider information on prediction markets
The executive order bans executive branch employees from disclosing or using any non-public information to profit from prediction markets.
US.- Arizona Governor Katie Hobbs has signed an executive order prohibiting state executive branch employees from using non-public government information to profit, avoid financial loss, or assist others in profiting from prediction markets. Violations could result in dismissal and referral to law enforcement.
The governor’s office said the order aims to ensure that state workers remain focused on serving Arizonans rather than personal enrichment. Hobbs has also encouraged other statewide elected officials, independent boards and commissions and the judicial and legislative branches to adopt similar policies.
She said: “Arizonans deserve a state government that works for them, not one where insiders exploit public service for their own gain. I’m proud to set clear, commonsense ethical standards on prediction markets to hold our government accountable. Public service is a privilege, and we will not tolerate anybody abusing that privilege to line their own pockets.”
North Carolina Governor Josh Stein has signed a similar executive order as an extension of the state’s Ethics Act, which prohibits public workers from using information gained through their official responsibilities for personal financial interest.
