TLDR Tech / Fintech
Wall Street banks tighten rules on employee prediction-market bets
Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America have added or clarified restrictions on employees trading prediction-market contracts tied to financial markets, politics, companies, and macroeconomic events. The policies reflect growing concern that staff could use confidential information or create conflicts of interest as platforms like Kalshi and Polymarket expand, while sports and entertainment contracts generally remain permitted.
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