Crypto News, New York and Illinois have issued executive orders prohibiting state government employees from using non-public information to profit in prediction markets. Illinois Governor J.B. Pritzker signed Administrative Order 2026-04 on April 21, and the next day, New York Governor Kathy Hochul signed Administrative Order No. 60. Both orders took effect immediately, focusing on insider information related to public services. The orders stipulate that government employees shall not use information obtained through official duties to profit or assist others in trading. The two governors framed this move as a matter of public trust, with Illinois stating that when employees use official positions for personal gain, public trust is undermined. The orders also pointed out that prediction markets lack effective regulation, which could lead to issues such as insider trading and market manipulation.