Goldman Sachs Just Banned Its Employees From the Only Honest Market Left. Here’s Why That Matters.
Goldman Sachs just banned employees from trading on prediction markets, the most transparent financial instruments on earth. The official reason is compliance — but the real reason is fear. These markets let anyone bet on future events using public information, which threatens Wall Street’s entire business model of exploiting information asymmetry. For traders, this ban is a flashing signal: if the insiders are told to stay out, the smart money goes in.