Apple now explicitly bans employees from using confidential information in prediction markets
The update extends Apple’s insider trading rules to event-contract platforms and bars tipping confidential information to others who may use them.
- On Tuesday, Apple filed an updated insider trading policy prohibiting employees from using Apple Confidential Information in prediction markets. The new version, marked "Updated October 2026," was included in the company's annual Form 10-K filing with the SEC.
- Until last year, Apple's insider trading policy, filed as Exhibit 19.1, lacked specific language regarding prediction markets. The new prohibition extends restrictions beyond traditional Securities trading to address a previously gray area.
- Restrictions apply to Apple Confidential Information regarding Apple and business partners including suppliers and vendors. The policy also mandates that employees must not share such information with others who may participate in prediction markets.
- While major prediction market platforms explicitly ban such practices in their terms of service, enforcement remains a significant challenge. By incorporating this into the Business Conduct Policy, Apple explicitly addresses this gray area.
- The updated policy applies to directors, officers, employees, and independent contractors. The full 2026 Form 10-K is available on Apple's Investor Relations website for detailed review.
11 Articles
11 Articles
Apple's Insider Trading Policy Now Covers Prediction Markets
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Apple officially restricts employee participation in prediction markets
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Apple now explicitly bans employees from using confidential information in prediction markets
Apple has updated its insider trading policy to explicitly prohibit employees from using confidential information to bet on prediction markets. Here are the details. more…
Apple Bars Staff From Using Company Secrets on Prediction Markets
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Apple bars employees from using confidential information in prediction markets
Apple has formally prohibited employees and contractors from using confidential information obtained through their work to participate in prediction markets, extending its insider-trading safeguards to a growing category of event-based trading platforms. The restriction, set out in the company’s latest filing, covers employees who wager, trade or buy and sell contracts based on the outcome [...]
Apple incorporated an explicit prohibition into its insider policy: employees, contractors and former employees may not use confidential information to operate in predictive markets, even when the activity does not fit as a securities transaction under the law.
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