Apple updates insider trading policy to ban prediction market trading

Apple has updated its insider trading policy to bar employees from trading on prediction markets, extending compliance rules beyond traditional securities. The move signals that corporate governance is catching up with event-based markets such as Polymarket and Kalshi, where contract prices can hinge on information held by company insiders. Apple did not disclose specific thresholds or which platforms the ban covers. The change matters because prediction markets are increasingly treated as price-discovery venues for corporate events, and clearer insider rules could shape participation by employees and firms alike. Watch for other large companies to follow with similar policies and for platforms to clarify how they police insider trading.