Watchdog Backs Hochul Ban on State Employees Profiting from Insider Information on Prediction Markets
Reinvent Albany Backs Governor Hochul’s Ban on State Employees Using Insider Information to Profit from Prediction Markets
Bright Lines and Clear Expectations Help Reinforce Ethical Behavior
Reinvent Albany backs Governor Hochul’s Executive Order 60, which prohibits state employees profiting from insider information that they learn while working as public servants. We believe Governor Hochul’s executive order is particularly important as the rule of law and ethical norms are being eroded at the federal level.
Additionally, we ask Governor Hochul to also make a low-cost, high-return investment in ethical state government by fully funding ethics enforcement and overdue tech upgrades for the state’s ethics commission.
Fortunately, there is still time for the Governor to include in her FY 2026-2027 budget the $9.1 million requested by the Commission on Ethics and Lobbying in Government and to direct $750,000 of her proposed new lobbying fees to technology upgrades for the state’s lobbying and financial disclosure filing systems, per the previous urgings of Reinvent Albany and other watchdog groups.