Apple updates its insider trading policy to explicitly restrict employees from using confidential information to participate in prediction markets, according to a U.S. Securities and Exchange Commission filing included as an exhibit to its Form 10-K. The updated policy is marked “Updated October 2026,” and it states that employees must not wager, bet, trade, buy, or sell contracts tied to future events when such activity is based on confidential information obtained through their work.
The policy applies not only to employees but also to directors, officers, independent contractors and consultants, along with certain family members. It clarifies that the “confidential information” restriction covers information about Apple and other related parties, including suppliers, manufacturers, vendors, customers and carrier partners, and it also warns employees not to share confidential information with others who may use it on prediction markets.
Across the outlets, the main emphasis is the new explicit mention of prediction markets in Apple’s insider trading rules, framed as a clarification rather than a full, standalone ban. Apple’s focus is on misuse of confidential information rather than on participation in prediction markets in general.
