TLDR Apple added a prediction market ban to its insider trading policy. The rule appeared in Apple’s fiscal 2026 Form 10-K filing. It covers secrets about suppliers, vendors, and carriers too. Former and fired employees must also follow the rule. Prediction market daily volume rose 55% in October to over $4 billion.
Apple has added a new rule to its insider trading policy that reaches beyond the stock market. The company now bars employees from using confidential information to trade on prediction markets.
The change appeared in Apple’s fiscal 2026 Form 10-K, published this week. The annual filing covers the company’s finances, business, and risks, and it included a revised version of the insider trading policy.
What the New Policy Covers
Under the policy, employees cannot use prediction markets or similar platforms to wager, bet, trade, buy, or sell contracts tied to future events when Apple Confidential Information is involved. The rule also covers entering into event contracts in any other way.
The ban is not limited to information about Apple itself. It also covers confidential details about companies Apple works with, including suppliers, manufacturers, vendors, customers such as cellular network carriers, and other business partners.
Employees are also barred from sharing or tipping confidential information to other people who might use it on these markets. Apple says its confidential information includes, but is not limited to, material nonpublic information.
The policy applies whether or not the conduct would count as insider trading or securities trading under the law. The rule works as a company policy that stands apart from securities rules.
Apple’s insider trading rules now explicitly ban using confidential data to bet on prediction markets. The updated Form 10-K’s new clause covers insiders, contractors, and family, forbidding event contracts involving Apple or its