The Object of the Game Is to Earn More Money Than Any Other Manager by the End of the Fifth Round. Managers Earn Money by Collecting the Money from the Shares Bought by Investors. Managers' Expenses Include Management Costs and the Expenditures Due to the Expansion of Their Business Acquisitions.

Place the Market Board Face-up in the Center of the Table. Place the Four Colored Indicators on the Matching Numbers Labeled "Start". Sort and Place the Money Next to the Market Board in Order to Make a Bank.

Each Player Rolls the Red Die. the Players with the Highest Rolls Are Managers and the Remaining Players Are Investors. Use the Following Chart to Determine the Exact Division Depending on the Number of Players.

Each Month (Turn) Is Made up of Five Phases:

Flip the Timer. for Its Duration, Managers and Investors Negotiate the Purchase of Shares of Companies for the Month to Come. There Is No Established Order: Any Investor May Freely Negotiate with Any Manager and Vice Versa.

Phase 2: Investor Income

Roll the Dice and Place Each Die on the Matching Color on the Market Shares Fluctuation Board. Move the Indicator for Each Color According to the Value Shown on the Corresponding Die.

Phase 3: Manager Income

Each Manager Collects Revenues from the Sale of Shares to the Investors Who Have Risked Funds in the Companies of Their Portfolio, According to the Number Written on Each Company.

Phase 4: Management Costs Payment

Each Manager Must Pay to the Bank a Fee of $10,000 for Each Company He or She Owns.

Step 5: Company Auction

One Randomly Selected Investor Acts as Auctioneer. the Auctioneer Randomly Draws Properties out of the Reserve Equal to Double the Number of Managers Minus One.

The Game Ends After the Management Cost Payment Phase of the Fifth Month.

Variant for 3 or 4 Players

When Playing with Three or Four Players, Each Player Acts as Both a Manager and an Investor. During the Negotiation Phase, a Player May Only Purchase Shares in Companies Belonging to Other Players.

How to Play Panic on Wall Street! | Official Rules

By Robert Thorne

• Oct 9, 2026 • 10 min read

How to Play Panic on Wall Street! | Official Rules

Direct Answer • Key Takeaway

In Panic on Wall Street! , Players Are Divided into Managers and Investors.

Robert Thorne

Automotive & Future Transportation Editor

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.

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