[California Signs Executive Order Prohibiting Insider Trading in Prediction Markets] According to a report by Golden Finance, on March 28, California Governor Gavin Newsom signed an executive order prohibiting government-appointed officials from using non-public information obtained during their official duties to engage in insider trading for profit in prediction markets. The ban also extends to their spouses, family members, and former business partners. The executive order explicitly states that public officials appointed by the governor are prohibited from using 'confidential or non-public information' to place bets on political or economic events related to their duties. Newsom emphasized that public service should not be used as a tool for profit and stressed the importance of drawing clear boundaries between power and personal interests.