Illinois Governor Bars State Employees From Insider Bets on Prediction Markets
Key Takeaways: Illinois EO 2026-04 bars state employees from insider wagers on Kalshi, Polymarket, Crypto.com. Illinois Gaming Board has issued cease-and-desists to 12+ prediction market operators since April 2025. CFTC sued Illinois on April 2 to assert exclusive federal jurisdiction over event contracts. A widening state response to federal preemption Illinois law already bars current…
