California Gov. Gavin Newsom on Friday issued a new executive order banning state officials from using insider knowledge to profit from prediction markets after reports of suspicious trades made hours before U.S. military action ordered by President Trump.
Newsom, a Democrat, pointed to those bets — one on the military intervention in Venezuela in February and several more related to strikes against Iran earlier this month — as cause for concern that someone with knowledge of Trump’s thinking is profiting off insider knowledge.
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