New York banned state employees from using insider information to trade on prediction markets.

In an executive order signed today, Governor Kathy Hochul forbade the state’s government workforce from using “any nonpublic information obtained in the course of their official duties” to participate on prediction market platforms, or to help others profit using those services.

“Getting rich by betting on inside information is corruption, plain and simple,” Hochul said in a statement provided to WIRED. “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment. While Donald Trump and DC Republicans turn a blind eye to the ethical Wild West they’ve created, New York is stepping up to lead by example and stamp out insider trading.”

The order was not spurred by any specific insider trading incidents involving New York state employees. “There are no known instances of this behavior to date,” says New York State Executive Chamber deputy communications director Sean Butler.

This is the latest in a wave of initiatives meant to curb insider trading on prediction markets like Kalshi and Polymarket, the two most popular of these platforms in the United States. California Governor Gavin Newsom issued a similar executive order last month, banning Golden State employees from prediction market insider trading. Yesterday, Illinois Governor JB Pritzker followed suit.