Pritzker Issues Executive Order to Strengthen State Ethics Rules on Prediction Markets

Governor JB Pritzker has tightened ethics rules for Illinois state employees, focusing on the growing use of prediction markets such as Polymarket and Kalshi. An executive order now prohibits state workers from using nonpublic information to participate or help others wager on these platforms, where individuals bet on the outcomes of events like elections or policy shifts. Officials point out the current lack of effective regulations around these markets, raising concerns over potential insider trading and manipulation. The order aims to close loopholes and boost public trust, as interest in event contracts and online prediction platforms continues to grow rapidly.