Goldman Sachs Limits Staff Prediction Bets to Sports, Entertainment

Goldman Sachs told employees to limit prediction market activity to sports and entertainment to reduce compliance risks tied to elections, interest rates and other market-moving events. According to BeInCrypto, the policy was issued in an internal memo that warned repeated violations could lead to termination, the Financial Times reported. Kalshi and Polymarket have faced insider trading scrutiny, including Lookonchain flagging three wallets that netted more than $630,000 betting on Nicolás Maduro’s removal hours before his capture, and a Nobel Peace Prize leak probe after successful wagers on the eventual winner. Kalshi is pursuing a $40 billion valuation in a new funding round.