Financial Firms Ban Employee Prediction Market Trading as Compliance Concerns Spread

Goldman Sachs Group has updated its personal trading policy to ban employees from trading on event contracts related to specific companies, election outcomes or the performance of any financial market, Bloomberg reported Thursday (July 9). The policy also bans trading on event contracts having to do with the dates of ceasefires in conflicts, the price of bitcoin and the outcome of merger-related regulatory approval processes, according to the report. “You must be vigilant to ensure that your par