Summary
- California said it has signed an executive order banning insider trading in prediction markets by public officials and policymakers.
- The measure was reported to extend participation restrictions in prediction markets not only to officials but also to related individuals such as spouses, children and business partners.
- The decision was reported to highlight that debate over regulation of public-sector ethics and conflicts of interest is intensifying alongside the spread of prediction markets.
Forecast Trend Report by Period
The US state of California has moved to clamp down on insider trading in prediction markets.
According to crypto news outlet Decrypt on the 27th (local time), California Governor Gavin Newsom signed an executive order banning insider trading in prediction markets by public officials and policymakers.
The measure prohibits officials from using nonpublic information to profit in prediction markets, and applies not only to appointed officials but also to related individuals such as spouses, children and business partners.
Newsom stressed that “public officials should serve the public and must not use their positions as a means to accumulate wealth.”
The decision underscores intensifying regulatory debate over public-sector ethics and conflicts of interest as prediction markets proliferate.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
