• Michael McDevitt
    JUL 08, 2026
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    Ethics committee passes ordinance prohibiting city officials, employees from using insider information in prediction markets

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    Ald. Timmy Knudsen (43) is pictured at a City Council meeting in November 2023. [Don Vincent/The Daily Line]

    The City Council Committee on Ethics and Government Oversight on Tuesday approved an ordinance that clarifies that city officials and employees cannot use confidential and proprietary information to place wagers on prediction market platforms like Kalshi and Polymarket.

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