Apple has updated its insider trading policy in an annual filing submitted to the U.S. Securities and Exchange Commission, adding prediction market trading as a separate prohibited activity for employees. Under the revised policy, staff are not allowed to use confidential Apple information obtained through their work to place bets or trade on platforms such as Polymarket. The company said the restriction applies even if the conduct would not qualify as insider trading or securities trading under applicable law. Apple also extended the policy to cover prediction markets tied not only to Apple, but also to other companies, suppliers, manufacturers, vendors, customers, and business partners. Employees are also barred from disclosing confidential information to people who may take part in such trading. The report was cited by IT Home and carried by Odaily.
Apple has updated its insider trading policy in an annual filing submitted to the U.S. Securities and Exchange Commission, adding prediction market trading as a standalone prohibited activity for employees.
Under the policy, employees may not use confidential Apple information obtained through their work to place bets or trade on prediction market platforms such as Polymarket. Apple said such conduct would violate company policy even if it does not constitute insider trading or securities trading under applicable law.
The restriction also covers market activity tied to events involving Apple as well as other companies, suppliers, manufacturers, vendors, customers, and business partners. Employees are also prohibited from disclosing relevant confidential information to people who may participate in such trading.
The report was cited by IT Home.
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