Foresight News
Foresight News|3月 28, 2026 00:10
[California Governor Signs Executive Order Prohibiting Government Appointees from Using Non-Public Information in Prediction Markets] Foresight News reports that on March 27, California Governor Gavin Newsom signed Executive Order N-4-26, explicitly prohibiting all public officials appointed by the governor from using non-public information obtained through their official duties to profit in prediction markets or to assist spouses, children, other family members, or former business partners in gaining profits. The order highlights several recent cases at the federal level where insiders allegedly used confidential information to profit in prediction markets, involving events such as military intervention in Venezuela, war with Iran, and military actions against drug cartels, with individuals earning tens of thousands of dollars in profits. Although California already has ethical guidelines such as the 1974 Political Reform Act, this executive order formally extends the prohibition to prediction markets, aiming to further uphold public trust in government integrity and ensure that public officials remain focused on the public interest.
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