Apple now explicitly bans employees from using confidential information in prediction markets

Apple has updated its insider trading policy to explicitly forbid employees from using confidential information to bet on prediction markets. After releasing its fiscal Q4 2026 earnings report, the company published its fiscal 2026 Form 10-K, an annual SEC filing detailing the company's financials, operations, and risks. The updated policy now includes a new clause: "No Trading in Prediction Markets Based on Confidential Information."

Employees must refrain from participating in prediction markets or similar platforms to wager on future events using Apple Confidential Information (ACI) about the company or its partners. This prohibition applies even if the activity doesn't count as insider trading under existing laws. Apple defines ACI as material nonpublic information, including data from co-suppliers, manufacturers, vendors, customers—like cellular network carriers.

While prediction market terms often ban this practice, enforcement has been difficult. Apple's new policy explicitly extends existing restrictions to prediction markets, making it clear that using ACI for betting is prohibited. The company's full 2026 Form 10-K is available on its Investor Relations page.