Gov. JB Pritzker signed an executive order Tuesday barring state employees and elected officials from using information obtained in their official capacity to place bets on prediction markets.
The order applies to all employees, officers, appointees and board members of state agencies.
Employees are also prohibited from sharing information to help others place bets in the markets.
Though insider trading is already prohibited under state law, the governor’s office said greater protections are needed to ward off new risks posed by the markets, which have received little regulatory oversight at the federal level.
