"Kalshi says his transactions were initially flagged because of his 'near-perfect trading success on markets with low odds, which were statistically anomalous.' Because trades are public on Kalshi, multiple users also flagged the trades as suspicious. Kalshi learned Kaptur was an employee of MrBeast during its investigation and determined he 'likely had access to material non-public information connected to his trading.'"
"Kalshi says that it reported the insider trading to the Commodity Futures Trading Commission (CFTC) and plans to donate the over $20,000 Kaptur has been fined to 'a non-profit that provides consumer education on derivatives markets.' In a statement provided to NPR, Beast Industries, MrBeast's production company, said it has a zero-tolerance policy for insider trading."
Kalshi, an online prediction market platform, suspended Artem Kaptur, a video editor for YouTuber MrBeast, for insider trading. Kaptur's trades in markets related to YouTube and MrBeast showed near-perfect success rates on low-odds markets, triggering automated flags and user reports. Investigation revealed Kaptur had access to material non-public information through his employment. Kalshi reported the violation to the Commodity Futures Trading Commission and imposed a two-year suspension plus a financial penalty exceeding $20,000, which will be donated to a nonprofit focused on derivatives market education. MrBeast's production company stated it maintains zero-tolerance policies against insider trading.
Read at Engadget
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