Rules tighten on prediction markets 📈, Anthropic appoints former Fed chair 🪑, Block reaches $45 million settlement 💰

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Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America have added or clarified restrictions on employees trading prediction-market contracts TLDR TLDR FINTECH 2026-07-13 📱 NEWS & TRENDS WALL STREET BANKS TIGHTEN RULES ON EMPLOYEE PREDICTION-MARKET BETS (3 MINUTE READ) Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America have added or clarified restrictions on employees trading prediction-market contracts tied to financial markets, politics, companies, and macroeconomic events. The policies reflect growing concern that staff could use confidential information or create conflicts of interest as platforms like Kalshi and Polymarket expand, while sports and entertainment contracts generally remain permitted. BLOCK REACHES $45M CASH APP FRAUD PROBE SETTLEMENT WITH US STATES (2 MINUTE READ) Block has reached a $45 million settlement with 46 US states over allegations that the firm's Cash App peer-to-peer payments app failed to protect users from fraud. According to the…

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