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Goldman Sachs prohibits employees from participating in financial and political prediction market trading.

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ME News, July 10 (UTC+8), Goldman Sachs has banned employees from trading in prediction markets, except for sports and entertainment bets. This is one of the clear measures Wall Street institutions have taken in response to new regulatory issues arising from the event-betting frenzy. Goldman Sachs recently updated its personal trading policy, prohibiting employees from trading event contracts related to specific companies, including Goldman Sachs itself, as well as contracts tied to election results, any financial market performance, etc. Employees who repeatedly violate the policy may face termination or account closure; in cases of improper trading, Goldman Sachs may also require employees to turn over profits exceeding $200, or donate them to charity. The Goldman Sachs policy explicitly bans employees from participating in event contracts related to corporate restructuring, mergers and acquisitions, ceasefire dates, Bitcoin prices, and M&A regulatory approval outcomes. However, contracts such as "whether a certain team will win the championship" are still permitted. In contrast, JPMorgan previously only required employees to "consider carefully" before participating in financial-related prediction markets, while hedge funds like Point72 and Balyasny have fully banned employees from using personal accounts for prediction markets. (Source: BlockBeats)
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