Apple has officially restricted employee and contractor participation in prediction markets, clarifying in a new filing that using insider information to gamble on these legally-gray platforms is considered insider trading. The policy applies to current and former staff, and extends to information tied to unreleased or unannounced products.
Prediction markets such as Polymarket allow users to bet on future events, from weather to product colors, but Apple's explicit rule leaves no wiggle room: "No Trading in Prediction Markets Based on Confidential Information." Employees must not wager or tip confidential information to others who might participate.
The restrictions cover Apple Confidential Information about Apple or any other company, including suppliers, manufacturers, vendors, customers, and cellular network carriers. Protections extend to unreleased or unannounced products, though rules lift once a product, service, or update is publicly revealed and becomes public knowledge.
As prediction markets grow faster than regulations, individual companies like Apple are attempting to police insider trading risks on their own, since the technology to participate advanced faster than laws can be written.
Source: AppleInsider · Summarized by HeadlinesBriefing