The Governor of California issues a ban on officials and related persons using insider information to profit from prediction markets.

🔷 The Governor of California has signed a decree banning appointed officials from using confidential or unpublished information to profit from prediction markets.

🔷 This regulation also extends to spouses, relatives, and former business partners, aiming to prevent "loophole" exploitation through related persons.

🔷 The order comes amid rising suspicions of insider trading, including cases of profiting from prior information about political or military events.

🔷 The California government emphasizes that serving the public should not become a tool for making money, demonstrating a firm stance against the abuse of information.