Hobbs bars Arizona state employees from using government info to bet on prediction markets

Arizona Governor Katie Hobbs issued an executive order prohibiting state employees from using nonpublic government information to bet on prediction markets. The Commodity Futures Trading Commission sued Arizona for regulating Kalshi, a prediction market company, after a federal court ruled Arizona's laws were preempted by federal law. Attorney General Kris Mayes had previously pursued charges against Kalshi for operating unlicensed wagering activities.