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Goldman Sachs bans staff from betting on elections, markets, and companies

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Goldman Sachs has updated its personal trading policy to prohibit employees from placing bets on prediction platforms such as Kalshi and Polymarket. The ban covers event contracts linked to elections, financial markets, Bitcoin prices, and individual companies, though sports and entertainment wagers remain permitted. Employees who repeatedly break the rule risk termination, and any profits exceeding $200 may be clawed back by the firm. The move reflects a broader industry shift, with JPMorgan, Morgan Stanley, and Bank of America also introducing their own restrictions on prediction market activity.

Read the full story at Times of India

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Goldman Sachs bans staff from betting on elections, markets, and companies · ShortSingh