(The Center Square) – Wisconsin Gov. Tony Evers signed an executive order Thursday barring executive branch employees from disclosing or using any nonpublic information to profit from prediction markets.
The order cited a recent story of a U.S. Army Special Forces soldier used nonpublic information to earn $410,000 on a prediction market.
Prediction markets including Kalshi offer markets on election results and other occurrences like government actions.
“State workers in Wisconsin work hard every day in dedicated service of the people of our state, often going above and beyond their job description and daily responsibilities to support Wisconsinites and our communities and meet their needs,” Evers said in a statement. “Maintaining public trust and confidence in our state government demands and depends upon transparency, accountability, and integrity, and upholding the fundamental tenet of public service that, above all, the work must be for the benefit of the public good and not for personal greed or gain. That is a commitment we take seriously, and we must continue to do so.”
Illinois, New York, Maryland and California recently took similar actions while the U.S. Senate unanimously approved a rule barring senators from trading on prediction markets.
