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

Odaily Planet Daily News - On March 27, California Governor Gavin Newsom signed Executive Order N-4-26, which explicitly prohibits public officials appointed by the governor from profiting in prediction markets using non-public information obtained during their official duties, and prohibits them from assisting spouses, children, and other related parties in participating in such activities. The order notes that there have recently been 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.