Goldman Sachs blocks staff from trading prediction markets tied to elections and finance
The post Goldman Sachs blocks staff from trading prediction markets tied to elections and finance appeared on BitcoinEthereumNews.com. Goldman Sachs has prohibited employees from trading prediction market contracts tied to the bank, elections, financial markets, macroeconomic data, and geopolitics as companies respond to growing insider trading risks on event-based platforms. Summary Goldman Sachs has barred employees from trading prediction market contracts tied to the bank, elections, financial markets, and geopolitical events. The move comes as companies face rising pressure to strengthen insider trading safeguards after regulators brought their first corporate prediction market case. Google, lawmakers, and state regulators have also tightened oversight of prediction markets as legal and compliance scrutiny continues to grow. CNBC reported that the investment bank introduced the restrictions as prediction markets face increasing regulatory attention and businesses begin reviewing ho