Employee prediction market trading policy
How are buy side funds treating personal prediction market exchange trading for employees? (Example: Kalshi)
is it allowed ? Restricted ? Etc
Curious what peoples firms have been saying…
Based on the most helpful WSO content, there isn't a direct mention of buy-side funds' policies on personal prediction market trading (like Kalshi). However, firms typically have strict compliance policies regarding personal trading activities, especially in areas that could pose conflicts of interest or regulatory concerns.
For example, in the context of personal account trading restrictions at MBB or BB IBDs, pre-clearance is often required for trades, and certain instruments or markets may be restricted. Prediction markets, being a relatively new and niche area, might fall under similar scrutiny, especially if they involve financial speculation or could be seen as conflicting with the firm's activities.
If you're curious about your firm's stance, it's best to consult your compliance department directly. They can provide clarity on whether such trading is allowed, restricted, or requires pre-clearance.
Sources: Personal Account Trading Restrictions at MBB, Q&A: Crypto Hedge Fund Trader, Q&A: Crypto Hedge Fund Trader, Q&A: ex-bank trader now running crypto hedge fund. questions?, DE Shaw L/S equity
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