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Kathy Hochul

Steady2 stories1 sourcesLast updated: 4/23/2026
Related Topicsexecutive orderprediction marketsinsider tradingstate employeeskalshipolymarketjb pritzkerillinois

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New York Bans State Employees from Prediction Market Betting Amid Insider Trading Concerns
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Politics·4/23/2026AI summary

New York Bans State Employees from Prediction Market Betting Amid Insider Trading Concerns

New York Governor Kathy Hochul signed an executive order banning state employees from betting on prediction markets, following Illinois' similar move earlier this week. Hochul criticized the Trump administration for allowing an ethical vacuum around prediction markets. Monthly trading volumes hit a record $23.6 billion in March, but concerns about insider trading have grown, including suspected trades on US military actions and political events.

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