Economic TimesLean R·
Wall Street banks rule on staff betting on prediction markets, sources say
In a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restrictions on engaging in financial and political prediction markets. Specifically, Goldman Sachs and Morgan Stanley have enacted firm prohibitions, while JPMorgan Chase and Bank of America have also established comparable limitations. These initiatives are designed to eliminate conflicts of interest and maintain compliance with industry standards.
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