Newsom Executive Order Bars California Appointees From Insider Bets on Polymarket, Kalshi

California Gov. Gavin Newsom signed an executive order Friday that immediately prohibits gubernatorial appointees from using confidential, non-public information to profit on prediction markets including Polymarket and Kalshi. The directive also bars appointees from helping spouses, family members, business partners, or associates place bets using insider details obtained through official duties.