Arizona Governor Katie Hobbs signed an executive order prohibiting executive branch employees from using non-public information to profit on prediction markets. The regulation establishes strict boundaries regarding the use of confidential government data for financial gain.
The order bans staff from disclosing or utilizing insider information to avoid financial loss or assist others in profiting. Violations may result in dismissal and referral to law enforcement. The governor’s office stated the measure ensures workers remain focused on serving residents rather than seeking personal enrichment.
Broader Application and Precedent
Hobbs encouraged other statewide elected officials, independent boards, and the judicial and legislative branches to adopt similar policies. She emphasized that public service is a privilege and that the government will not tolerate the abuse of that position for personal financial benefit.
North Carolina Governor Josh Stein recently signed a comparable executive order. That legislation serves as an extension of the state’s Ethics Act, which prohibits public workers from using information gained through official responsibilities for personal financial interest.