Apple bars prediction market bets using confidential workplace information
The updated policy also prohibits tipping others and applies even when a transaction does not qualify as insider trading under applicable law.
Apple has added an explicit restriction on prediction market activity to its insider trading policy, barring employees from betting with confidential information acquired through their jobs. The revised policy appears among documents accompanying the company’s fiscal 2026 Form 10-K filing with the SEC.
The restriction covers event contracts and similar transactions involving confidential information about Apple or other companies connected to an employee’s work. Those companies can include suppliers, manufacturers and customers, as well as vendors and other business partners.
Under the policy, employees also cannot pass confidential information to people who might use prediction markets. Apple says the restriction applies regardless of whether the activity is considered securities trading or insider trading under applicable law. Its definition of confidential information extends beyond material nonpublic information.
The new provision expands a policy that already prohibited trading with material nonpublic information, tipping, certain third-party activity and trading during restricted periods. Earlier restrictions also covered short selling, hedging and derivatives trading.
