"Getting rich by betting on inside information is corruption, plain and simple. Our actions will ensure that public servants work for the people they represent, not their own personal enrichment."
"The maintenance of public trust is founded on the principle that public servants are charged with using their positions to benefit the public good."
New York Governor Kathy Hochul signed an executive order to prevent state workers from using confidential government information for personal gain in prediction markets. The order prohibits employees from trading on nonpublic information obtained during their official duties and from sharing such information with others. Violations may lead to dismissal and legal consequences. Hochul emphasized that profiting from insider information constitutes corruption and undermines public trust. The order aims to ensure public servants prioritize the public good over personal enrichment.
Read at ReadWrite
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