TechFlow News, March 28: California Governor Gavin Newsom signed an executive order prohibiting government appointees from engaging in insider trading for profit in prediction markets using nonpublic information obtained during the performance of their official duties. The order extends this prohibition to appointees’ spouses, family members, and former business partners. Specifically, the order states that public officials appointed by the governor may not use “confidential or nonpublic information” to place bets on political or economic events related to their official responsibilities. Newsom stated that public service must not serve as a vehicle for personal profit and emphasized the need to draw a clear line between power and private interest.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
