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International Business Times
International Business Times
National

Prediction Markets Are Seeing More Cases Of Insider Information Trades. Big Banks Taking Action

Polymarket and Kalshi are two of the most popular prediction markets. (Credit: Unsplash)

Some Wall Street Banks have added rules preventing their employees from making bets on prediction-market websites.

Reuters reported that the banks in question have added betting rules to their employee codes of conduct. Some have barred employees from making bets on contracts with ties to financial markets or political events.

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