Arizona’s Katie Hobbs is the latest state governor to issue an executive order to ban government employees from insider trading on prediction markets.

Arizona Governor Katie Hobbs has signed an executive order prohibiting executive branch employees from engaging in insider trading on prediction markets. The order aims to prevent the disclosure or use of nonpublic government information for personal gain or to assist others in profiting from prediction markets. This move aligns Arizona with other states taking steps to address ethical concerns surrounding government employees and prediction markets.