The executive order bans state workers from insider trading on prediction markets such as Kalshi or Polymarket
Arizona Governor Katie Hobbs has signed an executive order prohibiting state executive branch employees from using non-public government information to profit on prediction markets.
The executive order strictly forbids all executive branch employees from disclosing or using any non-public information to profit, avoid financial loss, or assist others in profiting from prediction markets.
Any violation of the order may result in dismissal, other sanctions, and referral to law enforcement.
To further safeguard operations, the order officially designates all non-public information obtained during public service that could be used for wagers as confidential.
“Arizonans deserve a state government that works for them, not one where insiders exploit public service for their own gain,” said Governor Hobbs. “I’m proud to set clear, commonsense ethical standards on prediction markets to hold our government accountable. Public service is a privilege, and we will not tolerate anybody abusing that privilege to line their own pockets.”
In the executive order, Governor Hobbs also encourages other statewide elected officials, independent boards and commissions, and the judicial and legislative branches to adopt comparable policies for their employees.
This follows recent media reports and federal indictments that government employees outside of Arizona have used non-public information to win millions of dollars wagering on government actions, including international military operations.