Goldman Sachs Bans Employees from Trading Financial and Political Prediction Markets on July 10

According to Bloomberg, Goldman Sachs has banned employees from trading prediction market contracts related to financial and political events as of July 10, with exceptions only for sports and entertainment bets. The policy prohibits trading contracts tied to corporate restructuring, mergers and acquisitions, bitcoin price movements, and election results.

Violations carry escalating penalties; multiple breaches may result in termination or account closure. Goldman Sachs also reserves the right to require employees to forfeit profits exceeding $200 or donate them to charity. Sports-related contracts, such as betting on championship winners, remain permitted.