Apple bans employees from using confidential company information to trade on prediction markets

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Apple has updated its insider trading policy to prohibit employees from using confidential company information to bet or trade event contracts on prediction markets, regardless of whether the conduct constitutes insider trading under securities law. The ban covers directors, executives, employees, contractors, consultants, and household members, and violations may result in termination and the recovery of equity awards. The information covered also includes information about suppliers, manufacturers, vendors, and wireless carriers that Apple learns of.