Goldman Sachs Tightens Rules on Employee Prediction Market Betting

Goldman Sachs has reportedly tightened its compliance rules, informing employees that they should limit their activity on prediction markets to sports and entertainment. The bank warned that repeated violations could lead to dismissal and forfeiture of all profits from prohibited bets, as it seeks to prevent conflicts linked to insider information and financial markets. Markets tied to elections, interest rates, stock indexes, and other financial or political events are now off-limits.