Apple bars employees from trading event contracts on insider information
Apple has updated its insider trading policy to block employees and contractors from using confidential information to bet on prediction markets. The restriction applies to event contracts developed by Cboe Global Markets for trading on Robinhood. Apple made the policy change public on Monday, November 3, 2026. The company frames the activity as gambling in legally gray markets. The move reflects growing corporate attention to prediction-market activity by staff.
Apple's policy puts enforcement weight behind a concept most employers have left unwritten: trading prediction markets on non-public knowledge constitutes insider trading. That creates immediate exposure for other tech and defense firms whose staff regularly handle material non-public information. Companies with government contracts or regulated products face the steepest copying pressure, given the soldier insider case advancing to jury on prediction market contracts in federal court.
Apple's framing of these markets as legally gray gambling may push compliance departments to treat them differently from traditional securities. Rivals now must match or explain why their policies lag. The first major employer to fire someone under an Apple-style rule will test whether courts agree this conduct falls under standard insider trading statutes.
Apple joins a widening corporate response to prediction market conduct, alongside federal prosecutors pursuing a soldier for swap-classified insider trades and Utah's felony charges against Kalshi's co-founders.