California governor signs order banning prediction market insider trading

California Governor Gavin Newsom has signed an executive order prohibiting insider trading in prediction markets. The order aims to ensure fairness and transparency in these markets, which allow users to bet on the outcomes of events. This move positions California as a leader in regulating emerging technologies in the crypto space. The governor's action reflects growing concerns about the integrity of prediction markets and the potential for manipulation. The order is part of a broader effort to establish a regulatory framework for digital assets in the state.

Read the full article: Coin Telegraph