"I am not saying I did not deserve consequences. I am saying that watching your entire career collapse, your reputation destroyed publicly, and your name attached to the word 'illegal' in headlines across the internet for something that legal experts themselves are still debating is a lot to process."
"Kalshi's states that Kaptur was identified as an insider trader due to his 'near-perfect trading success on markets with low odds.' Kalshi has announced that they'll be suspending the account of MrBeast's editor for 'statistically anomalous' betting practices."
Kalshi, a prediction market platform, accused Artem Kaptur, an editor for MrBeast's YouTube channel, of insider trading after identifying statistically anomalous betting success on MrBeast-related markets. The platform plans to fine Kaptur five times his initial $4,000 trade amount and referred the case to the Commodity Futures Trading Commission. Kaptur acknowledged responsibility for the bets but expressed distress over the public nature of the allegations and career consequences. MrBeast's team terminated their relationship with Kaptur following the accusations. Kaptur stated he would fight the issue with community support.
Read at Kotaku
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