[New York and Illinois Sign Executive Orders Prohibiting State Employees from Participating in Prediction Markets] Deep Tide TechFlow reports, on April 23, according to CoinTelegraph, New York Governor Kathy Hochul signed an executive order prohibiting state government employees from placing bets in prediction markets. Illinois Governor JB Pritzker also signed a similar order this Tuesday. Hochul criticized the Trump administration for failing to establish effective ethical standards to curb insider trading, stating, 'Profiting from insider information is corruption.' The executive order also prohibits state employees from assisting others in using confidential information to profit in prediction markets. Violators may face dismissal and legal action.