[New York Governor Signs Executive Order Banning State Employees from Using Insider Information to Bet on Prediction Markets] According to The Block, New York Governor Kathy Hochul has signed an executive order prohibiting state employees from using insider information to place bets on prediction markets. Hochul cited the 'recent surge in prediction markets' in the executive order, banning state employees from leveraging non-public information obtained through their official duties to profit or assist others in profiting from prediction markets. Illinois Governor JB Pritzker issued a similar executive order on Tuesday. Meanwhile, Kalshi reported handling three insider cases involving candidates betting on themselves, imposing fines and suspending their eligibility. The penalized candidates include Minnesota State Senator Matt Klein, Texas House candidate Ezekiel Enriquez, and Virginia State Senate candidate Mark Moran.