New York, Illinois sign EO banning state employees from prediction markets
Cointelegraph·60-word summary·1 min read
New York and Illinois have signed executive orders banning state employees from participating in prediction markets, citing concerns over insider trading. Governor Kathy Hochul criticized the previous federal administration for failing to establish ethical standards in these markets. The move aims to prevent conflicts of interest and promote transparency among government officials, though specific dates of implementation were not provided.
Iran seized two ships in the Strait of Hormuz, escalating geopolitical tensions and raising concerns over global oil supply. The incident, which occurred recently, threatens to disrupt oil markets and increase price volatility. The move underscores ongoing regional conflicts that could impact energy prices and market stability in the coming weeks.
Coingecko launched three AI-powered market intelligence tools and a unified Partner Platform on April 22, 2026. These features aim to provide retail investors with broader market context beyond price data and help crypto projects expand their reach. The new tools enhance data analysis and project visibility in the crypto space.
The Indonesian rupiah hit a record low amid rising oil prices following Iran's closure of the Strait of Hormuz. This development, combined with the rupiah's decline, could pressure the Bank of Japan to cut interest rates, potentially impacting global markets and emerging economies' stability. The event occurred in April 2026, highlighting geopolitical tensions affecting financial markets.
Kalshi has banned three US politicians, including Minnesota State Senator Matt Klein and Mark Moran, for betting on their own elections. Klein said he made a bet out of curiosity, while Moran wanted to test Kalshi's response to insider trading. The bans highlight regulatory concerns over political betting in prediction markets.
US March CPI rose to 3.3%, above the Fed’s target, with energy up 11% and gasoline up 21%. The Federal Reserve is expected to keep rates steady at 98% in April. Bitcoin surged to $78,000, with strong technical support and an RSI of 65, indicating potential for continued market rally.
Traders wagered $430 million on falling oil prices ahead of President Trump’s extension of the Iran ceasefire on April 22, 2026. The ceasefire extension eased immediate concerns about oil prices but underscored ongoing geopolitical uncertainties impacting market stability. The large bets reflect traders’ expectations of declining oil costs amid geopolitical tensions.
