Wall Street banks tighten prediction market rules for staff as insider fears spread
Cointelegraph 2026-07-10 11:51:02
Context: Wall Street banks, including Goldman Sachs and Morgan Stanley, are imposing stricter rules on their employees' participation in prediction markets, amid growing concerns about insider trading. The move comes as prediction markets like Polymarket and Kalshi gain popularity. Employees are now facing restrictions on making trades in these markets.
Key Facts
- Wall Street banks such as Goldman Sachs and Morgan Stanley are restricting their employees from trading on prediction markets like Polymarket and Kalshi due to concerns about insider trading.
- The restrictions are being implemented as prediction markets continue to gain popularity among employees, with some platforms allowing users to trade on the outcomes of events such as elections and economic indicators.
- The insider trading fears that have prompted the restrictions are related to the potential for employees with access to confidential information to use that information to inform their trades on prediction markets.