Pritzker bans insider trading by state employees, faces hypocrisy claims

(The Center Square) – New rules for employees of the state of Illinois will prevent betting on the outcomes of current events and state government actions on prediction markets like Kalshi and Polymarket.

Governor JB Pritzker signed an executive order that prohibits the use of the services that have grown in popularity over the past two years.

It specifically bans all state workers and government leaders from using any non-public information to be used or shared with anyone in an effort to earn a financial edge.

Pritzker said the order is in an effort to ensure transparent and ethical government operation. In the announcement, he said restrictions on insider trading are not strong enough at the federal level.

“While the Trump Administration continues to be riddled with stories of appointees looking to make a profit, Illinois is stepping up to ensure those who are serving the public not thei...