The governor of Arizona has issued an executive order prohibiting state workers from engaging in insider trading on prediction markets. The ban takes effect immediately and covers all employees of state agencies.
The order bars government employees from using non-public information to place bets on forecasting platforms. Prediction markets allow participants to wager on future outcomes, and state workers may possess advance knowledge of policy decisions or budget changes that could influence results.
Scope of the restriction
The prohibition applies to trading activities conducted by state personnel on any prediction market platform. Employees must refrain from placing bets that rely on information not yet available to the general public. The governor's office stated that the measure aims to prevent conflicts of interest and maintain public trust in state operations.
Previously, no statewide rule addressed government employees' participation in forecasting markets. The new order establishes the first formal boundary for such activity across Arizona state agencies.