Visa Inc. has revised its internal code of conduct to clarify that employees are prohibited from using confidential company information to place bets or influence outcomes on online prediction markets.
According to Bloomberg, the policy changes were approved by the company’s board of directors on 14 July. The updated guidelines reinforce existing insider trading and ethics standards by explicitly addressing the growing use of prediction market platforms.
The move comes a week after Goldman Sachs introduced similar restrictions, barring employees from participating in prediction market contracts related to finance, politics and specific companies over concerns about the potential misuse of material non-public information.
Prediction markets, where participants wager on the likelihood of future events, have gained popularity in recent years, prompting companies to review their compliance and insider trading policies.
Visa has not publicly commented on the policy changes.
The update reflects a broader trend among corporations to strengthen governance frameworks as emerging financial platforms create new compliance and ethical considerations for employees handling sensitive business information.
