Goldman Sachs updates its personal trading policy to restrict employee use of prediction market platforms, according to multiple reports citing policy sources. The bank allows staff to place bets on event contracts related to sports and entertainment, but bars trades tied to finance and politics and to other categories that could raise compliance concerns. Reported restrictions include event contracts connected to specific companies, election outcomes, macroeconomic or financial market performance, and other finance-related items. Some accounts also describe prohibitions involving event contracts tied to conflict ceasefire dates. The move comes amid increased regulatory and compliance scrutiny of prediction markets following broader industry concerns about information leaks and conflicts of interest. Reports state that policy violations can trigger serious consequences, including loss of trading winnings and potential job termination for repeat offenders. Several outlets characterize the change as part of a wider pattern among financial firms placing limits on employee activity on these betting platforms. Overall, the policy aims to reduce perceived or real conflicts and insider-information risks while keeping a narrow set of permissible markets for employees.
Goldman Sachs limits employee trading on prediction markets to sports and entertainment
Goldman Sachs updates its personal trading policy to restrict employee use of prediction market platforms, according to multiple reports citing policy sources. The bank allows staff to place bets on e...
- Goldman Sachs restricts employee trading on prediction market platforms to sports and entertainment event contracts.
- Employees are barred from trading prediction markets tied to finance- and politics-related topics, including company-specific and election-related outcomes (as described in multiple reports).
- The policy also covers other categories that could present compliance risk, such as contracts linked to financial market performance and, in some reports, ceasefire dates.
- Reported enforcement measures include forfeiture of winnings for violations and possible job dismissal for repeat offenders.
- Multiple outlets attribute details to Bloomberg reporting and/or sources familiar with the policy.
The Wall Street investment bank has instructed employees to limit their activity on prediction market platforms to sports and entertainment events
1 month agoGoldman Sachs has warned employees against betting on restricted prediction markets. Staff must limit their activity to sports and entertainment events only. Violators may forfeit all winnings and face job dismissal for repeated offenses. This policy aims to prevent insider information conflicts and compliance risks. Prediction markets face scrutiny after recent incidents involving potential leaks.
1 month agoGoldman Sachs has banned employees from trading on prediction markets like Kalshi and Polymarket, except for sports and entertainment bets. The bank's updated personal trading policy bars event contracts tied to elections, financial markets, Bitcoin prices and specific companies. Repeated violations can mean termination, and profits above $200 may be forfeited. JPMorgan, Morgan Stanley and Bank of America have introduced their own prediction market rules.
1 month agoGoldman Sachs is placing restrictions on employee trading on some prediction markets, a source familiar confirmed to The Hill on Friday. Staff at the investment banking giant are permitted to place wagers related to sports and entertainment but are barred from trading on markets tied to specific companies, financial markets or election outcomes. Bloomberg first...
1 month agoGoldman Sachs is the latest firm to restrict how employees use the popular betting platforms.
1 month agoGoldman Sachs has prohibited staff from trading prediction market contracts. These contracts are linked to financial markets and political events. The policy aims to prevent conflicts of interest with the bank. Violations could lead to disciplinary action and forfeiture of gains. Restrictions do not apply to sports and entertainment prediction markets.
1 month ago
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