Apple has officially expanded its insider trading guidelines to explicitly forbid employees from utilizing confidential information to place bets on prediction markets. This update was disclosed through a filing with the U.S. Securities and Exchange Commission (SEC) submitted on Tuesday as an exhibit to the company's annual Form 10-K report. The document, which is also accessible via Apple's Investor Relations website, bears an "Updated October 2026" date, marking a significant shift from the 2024 version of the policy that made no mention of such platforms.
The new provision, titled "No Trading in Prediction Markets Based on Confidential Information," defines prediction markets as platforms where contracts are bought and sold based on the outcome of future events. The clause strictly warns personnel against participating in these markets to wager, trade, or buy contracts if the activity relies on confidential data obtained through their work at Apple. While this is not a blanket ban on all prediction market participation, the restriction is triggered specifically when non-public information is involved.
The scope of protected information extends beyond Apple's internal secrets to include confidential details regarding other entities, such as suppliers, manufacturers, vendors, customers, and carrier partners. Furthermore, the policy mandates that employees must not share such sensitive information with third parties who might subsequently use it for trading on these platforms. These updated rules apply broadly to directors, officers, employees, independent contractors, consultants, and their financially dependent family members living in the same household.
Sources: MacRumors.