Goldman Sachs' new rule bans employee bets on companies, elections, markets

Goldman 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.

By TOI TECH DESK