Overview
- Apple added the rule to its fiscal 2026 Form 10-K filed on Nov. 3, explicitly forbidding employees and contractors from using Apple Confidential Information to wager, trade, or enter event contracts on prediction-market platforms.
- The policy text also bans tipping confidential information to others and says the restriction applies whether or not the activity meets legal definitions of insider trading.
- The prohibition covers nonpublic information about Apple and about third parties such as suppliers, vendors, manufacturers, carriers, and other business partners.
- Reporting says the rule extends to former employees and protects unreleased or unannounced products until they are publicly disclosed, and violations can lead to termination and demands to repay equity awards.
- The move responds to a rise in legally gray prediction markets that can be hard for platforms and regulators to police, and it gives Apple an internal enforcement path that could pressure platforms and draw regulator attention.