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New York State Bans Insider Trading in Prediction Markets by Executive Order, Following Illinois

2026/04/23 11:08 (Updated 2026/04/23 14:01)
CoinPost
Written by A.Yamada
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New York State Bans Insider Trading in Prediction Markets by Executive Order, Following Illinois

Prohibition of Insider Trading by State Employees

Governor Kathy Hochul of New York signed an executive order on the 22nd, prohibiting state employees from using insider information to place bets in prediction markets. Governor Hochul stated that making money from bets based on insider information is 'unequivocally an act of corruption.' She emphasized, 'Our measures ensure that public servants work for the benefit of the citizens, not for their personal gain.'

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MAGAZINE

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