Apple has updated its insider trading policy to explicitly prohibit employees from using confidential information to bet on prediction markets. The new rule, included in the company's fiscal 2026 Form 10-K filed with the SEC, adds a specific ban on participating in prediction markets or similar platforms when such activity involves Apple Confidential Information. This information includes material nonpublic data about Apple or its partners, such as suppliers and customers.
The policy also prohibits tipping others who may participate in these markets. While prediction markets often have their own terms of service banning insider trading, enforcement has been challenging. Apple's new language extends restrictions beyond traditional securities trading, making it clear that employees cannot use confidential information for bets, even if the transactions do not qualify as insider trading under current laws.
The full filing is available on Apple's Investor Relations page.
Source: 9to5Mac · Summarized by HeadlinesBriefing