Illinois Restricts State Workers From Insider Bets on Prediction Apps
Illinois Gov. JB Pritzker has signed an executive order that bars state employees from using nonpublic government information to place wagers on prediction market platforms such as Kalshi and Polymarket. The move took effect immediately and adds new restrictions as states and federal regulators continue to dispute how these products should be classified and supervised. Prediction markets allow users to trade contracts tied to real-world outcomes. Those outcomes can include elections, policy decisions, economic data, military events and sports-related topics. […] The post Illinois Restricts State Workers From Insider Bets on Prediction Apps appeared first on World Casino News.
Illinois Gov. JB Pritzker has signed an executive order that bars state employees from using nonpublic government information to place wagers on prediction market platforms such as Kalshi and Polymarket. The move took effect immediately and adds new restrictions as states and federal regulators continue to dispute how these products should be classified and supervised. Prediction markets allow users to trade contracts tied to real-world outcomes. Those outcomes can include elections, policy decisions, economic data, military events and sports-related topics. […]
The post Illinois Restricts State Workers From Insider Bets on Prediction Apps appeared first on World Casino News.
