Insider Trading? Not on Our Watch! Governors Crack Down on Prediction Market Shenanigans
But wait, there’s more! The order doesn’t just stop at personal profits; it also prohibits state employees from helping their friends discover the secret sauce of nonpublic information while dabbling in prediction markets. Illinois Governor JB Pritzker jumped on the bandwagon a day earlier with Executive Order 2026-04, because who wouldn’t want to be part of a trend?




![The simulation, parameterized with [latex]\theta = 0.3[/latex], demonstrates that a shock to a specific Brazilian asset ([latex]VIVT3.SA[/latex]) triggers a localized cascade of defaults within the Brazilian financial subnetwork, while developed-market assets remain insulated from contagion, underscoring the inherent vulnerabilities of emerging economies.](https://arxiv.org/html/2604.19796v1/figure_7.png)