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ForbesonBluesky3d ago
The California Governor’s office jokingly tweeted at Kalshi and Polymarket, asking about the odds of Newsom banning California officials from betting on predictive markets.
Trust Metrics
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Claim Accuracy92%
Source Quality95%
Framing & Tone85%
Context80%
Analysis Summary
This is real—Newsom's office did tweet a joking challenge to the prediction market platforms on March 26, and he signed the ban into law the next day. The post accurately reports both the lighthearted tweet and the actual executive order that followed, which prevents state officials from using insider information to profit on prediction markets like Polymarket and Kalshi.
Claims Analysis (2)
“The California Governor's office jokingly tweeted at Kalshi and Polymarket, asking about the odds of Newsom banning California officials from betting on predictive markets.”
Newsom's press office posted on X March 26 asking Polymarket and Kalshi for odds on whether the governor would ban officials from betting on prediction markets within 24 hours.
“Newsom banning California officials from betting on predictive markets”
Newsom issued an executive order expanding bans preventing California state officials from using insider knowledge to profit from prediction markets. The order took effect immediately.
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