The Governor of New York State signs an executive order restricting public officials from participating in insider trading in the prediction market Odaily Planet Daily News: New York Governor Kathy Hochul signed an executive order on Wednesday prohibiting state government employees from using non-public information to trade or assist others in profiting from the prediction market, in response to growing concerns about "insider betting" in the prediction market. According to the executive order, all government officials and members of public institutions appointed by or under the jurisdiction of the governor shall not use any non-public information obtained during the performance of their duties to seek benefits or avoid losses in predicting the market or similar services, nor shall they assist others in related operations. The governor mentioned in the document that the current "rapid expansion of the predicted market" has attracted regulatory attention. The day before, Illinois Governor JB Pritzker also issued a similar executive order prohibiting state officials from using non-public information to participate in predicting market bets. At the same time, the predictive market platform Kalshi disclosed that it has launched investigations into three insider trading cases involving candidates and imposed fines and suspension of trading penalties on relevant personnel. One of the punished individuals is Mark Moran, the Democratic primary candidate for the Virginia Senate, who was penalized for betting on his own campaign and expressed a desire to be caught.