Ald. Knudsen proposes banning city employees from using inside info to bet on prediction market apps – Chicago Sun-Times

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Wirepoints

Last week, Gov. JB Pritzker signed an executive order barring state employees from using insider information to bet on prediction market apps, citing highly accurate bets made in February regarding U.S. and Israeli strikes on Iran, an anonymous trader who earned more than 400,000 after placing large bets on the removal of Venezuelan President Nicolás Maduro, and a user who placed a 40,000 bet that OpenAI would launch an AI web browser before the end of the month.