Goldman Sachs Restricts Employee Prediction-Market Trading Over Insider-Risk Concerns

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According to internal memos, Goldman Sachs has restricted employees from trading on prediction markets, allowing participation only in sports and entertainment contracts while banning bets on finance, politics, corporate or economic-data-linked events to mitigate insider-trading risks. Violations could result in disciplinary action and forfeiture of gains. JPMorgan Chase, Morgan Stanley and Bank of America have adopted similar policies restricting staff from betting on markets tied to non-public or sensitive information.
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