Goldman Sachs bans staff from most prediction market trading - Bloomberg

Goldman Sachs has implemented a ban preventing staff from participating in most prediction market trading. This restriction specifically targets finance and politics prediction markets. The decision follows the rise of nascent platforms like Kalshi and Polymarket, which have created significant challenges for compliance policies within heavily regulated banks. Consequently, the firm is limiting employee betting activities on these platforms to ensure adherence to strict regulatory standards and internal corporate governance guidelines.