Pritzker Bans Insider Trading by State Employees, Faces Hypocrisy Claims – Center Square

Pritzker bans insider trading by state employees, faces hypocrisy claims – Center Square

The order comes as state lawmakers have sought to gain more oversight and regulative power over the betting platforms, along with imposing new taxes, in recent weeks. Early this month, the Commodities and Futures Trading Commission brought a legal complaint against Pritzker – and other state officials – in federal court, alleging they overstepped the CFTC’s exclusive authority to oversee and regulate the betting platforms.

Pritzker Bars State Workers From Using Insider Info In Betting Markets

Illinois Governor JB Pritzker has signed an executive order banning state employees from using insider information to place bets in prediction markets. The order applies to all state workers and officials, blocking both direct betting and sharing information with others. It comes as platforms like Polymarket grow in popularity. State officials say the move strengthens existing laws and targets new risks tied to largely unregulated markets where …