Wu Blockchain (@WuBlockchain): CNBC: Goldman Sachs Restricts Employee Trading on Prediction Markets Over Insider Trading Risks
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CNBC: Goldman Sachs Restricts Employee Trading on Prediction Markets Over Insider Trading Risks According to CNBC, concerns over insider trading risks tied to prediction markets are prompting companies to update employee trading policies. Sources said Goldman Sachs has prohibited employees from trading contracts related to the bank itself, elections, financial markets, macroeconomic data and geopolitics. Morgan Stanley already has relevant policies in place, while Bank of America is reportedly updating its guidelines. The report comes after U.S. regulators charged a Google employee in May for allegedly using nonpublic information to profit about $1.2 million on Polymarket contracts.