Apple updates insider trading policy to ban prediction market trading

The iPhone maker now bars staff and contractors from using confidential company information to bet on event contracts Apple has closed a loophole most corporate compliance manuals never imagined. The company now explicitly prohibits employees from using confidential work information to trade on prediction markets. The change appears in Apple’s fiscal 2026 Form 10-K, filed with the SEC on November 3, 2026, after the company’s fourth-quarter earnings release. It reflects a world where you can bet on almost anything, including what Apple executives say on a conference call. What the new rule actually says The revised insider trading policy adds a specific ban on using “Apple Confidential Information” to participate in prediction markets or event contracts. Put simply, if you learned it at work, you can’t wager on it. The scope is wide. The policy covers approximately 167,000 employees and independent contractors who work with Apple. It also follows people out the door. Former employees remain bound by the restriction until the information in question becomes public. The ban isn’t limited to Apple’s own secrets either. It extends to nonpublic information about the company’s partners, s...