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Campaign staffers keep trying to bet on races despite push to curb insider trading

State and local governments are moving to restrict political betting among employees and campaign staffers to curb insider trading risks.

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The brief

Arizona Governor Katie Hobbs has issued an executive order prohibiting state employees from utilizing non-public information to place bets on prediction markets. This action aligns with broader scrutiny regarding the involvement of political workers in betting on electoral outcomes.

Coverage from NPR, KTAR News, 12News, KVOA, and the Chicago Tribune highlights a tension between campaign integrity and the growth of platforms like Kalshi and Polymarket. Reports confirm that Chicago officials are currently weighing similar bans for city employees to prevent potential conflicts of interest.

Future developments will focus on the enforcement of these executive orders in Arizona and the potential expansion of restrictive policies in other jurisdictions like Chicago. Coverage does not yet specify the mechanisms for monitoring or detecting prohibited betting activities by staffers.

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Quick answers

What action did Governor Katie Hobbs take?

Governor Hobbs issued an order banning government workers in Arizona from using insider information to participate in prediction markets.

Which platforms are mentioned in the reports?

The Chicago Tribune reports mention Kalshi and Polymarket as specific platforms being reviewed for potential betting restrictions.

Are other cities considering similar policies?

Yes, reports indicate that Chicago is currently weighing a ban on prediction market bets for city employees.

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