Wall St. Sets Limits on Prediction Market Trading

ImageAndrew here.Here’s a dilemma for the C-suite: Should employees be allowed to place bets with prediction markets?I’m not talking about insider trading of your own stock.

Imagine logistics managers using their unique supply chain visibility to wager on inflation data.They aren’t betting on their employers — but they are monetizing an information edge that the public doesn’t have.Wall Street is already clamping down.

Goldman Sachs and others are barring employees from trading financial and political event contracts, citing compliance and conflict risks.Let me know what you think the rules should be.ImageGoldman’s limits on prediction market bettingPrediction markets like Kalshi and Polymarket have become a big business, with aims of becoming a next-generation Wall Street.But existing financial giants are limiting what their employees can do on these betting platforms, underscoring growing fears of wagers based on illicit information, Michael de la Merced writes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.

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