Also Reported By Jacob Luthi | FOX 10 Phoenix
The Brief
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- Maricopa County supervisors unanimously approved a policy preventing employees from using non-public information for profit in prediction markets.
- The rule applies to county employees under the board’s authority, and violations could result in dismissal or referral to law enforcement.
- The county’s decision follows a recent executive order from Gov. Katie Hobbs that similarly restricted state employees.
PHOENIX – The Maricopa County Board of Supervisors unanimously approved a new ethics policy prohibiting county employees under the board’s authority from using non-public information to personally profit through prediction markets.
What we know:
County leaders say the policy, approved July 15, is intended to address potential conflicts of interest as prediction markets, where people can wager on the outcome of future events and economic trends, continue to grow in popularity across the country.
“By doing this today, we’re the first major county to adopt this policy,” District 2 Supervisor Thomas Galvin said.
