Point72, Balyasny Ban Staff Bets in Prediction-Market Crackdown

Point72 Asset Management and Balyasny Asset Management have recently banned employees from trading on prediction markets in their personal accounts, according to people familiar with the matter.

The hedge fund giants are at the leading edge of Wall Street’s effort to grapple with the new regulatory issues created by the fast-growing platforms like Kalshi and Polymarket, which have exploded to prominence in the last year.