Goldman Sachs bans staff from financial, political prediction markets

Goldman Sachs has prohibited its employees from trading on prediction markets related to finance and politics. The policy specifically bans trading in event contracts tied to individual companies, including Goldman Sachs itself, election outcomes, and financial market performance. Betting on sports and entertainment remains permissible. The bank warned that repeated violations could lead to termination or account closure. In cases of improper trading, the bank may also confiscate any profits exceeding $200 or require the employee to donate the amount to charity.