JPMorgan lets employees trade prediction markets without pre-clearance, warns on insider trading

JPMorgan Chase has issued new internal guidelines allowing employees to trade on prediction markets while warning against insider trading, CEO Jamie Dimon disclosed. The policy covers platforms including Kalshi and Polymarket and stops short of an outright ban, also not requiring employees to pre-clear such trades. Dimon likened prediction markets to gambling in his remarks. The move makes JPMorgan one of the first major U.S. banks to formally address staff participation in the growing event-contract market rather than prohibit it, signaling mainstream financial institutions are grappling with how to treat this trading category as it gains wider attention.