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

By: Jerod MacDonald-Evoy

Outlets: Arizona Mirror

Published: July 9, 2026

Words: 402

Last Updated: 1 week, 6 days ago

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Gov. Katie Hobbs issued an executive order Thursday prohibiting state employees from using nonpublic government information to make bets on prediction markets in light of revelations that classified military information has been used to do so in other parts of the country.

Prediction markets are open markets that enable the prediction of specific outcomes using financial incentives, though in practice, they function largely as forums for people to be on practically anything, from …

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