Minnesota’s bold move to ban prediction markets has hit a legal snag — a federal judge paused the state’s August deadline — but Governor Tim Walz is striking back with a targeted executive order. Now, state employees are forbidden from using confidential or nonpublic information for betting in prediction markets, regardless of profit or loss. Violations could lead to job loss, as the governor insists public servants must serve, not speculate. This order aims to preserve trust and ethical standards amid growing popularity of prediction markets and rising concerns about insider exploitation. Enforcement remains uncertain, but Minnesota’s stance underscores its commitment to integrity in public service.
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