Goldman Sachs bans employees from some prediction market contracts
Summary
Goldman Sachs has set new rules that stop its employees from betting on prediction markets about companies, finance, or elections. However, employees can still bet on sports and entertainment events.Key Facts
- Goldman Sachs is restricting employee trading in certain prediction markets.
- Employees cannot trade contracts linked to specific companies.
- Trading related to financial markets is also banned for employees.
- Bets on election outcomes are not allowed for Goldman Sachs staff.
- Employees are still allowed to bet on sports events.
- Entertainment-related betting remains permitted.
- The report was confirmed by a source and first shared by Bloomberg.
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