"Our policies prohibit employees from using confidential OpenAI information for personal gain, including in prediction markets. The employee used confidential OpenAI information in connection with external prediction markets (e.g. Polymarket)."
"According to an analysis by the financial data platform Unusual Whales, there have been clusters of activities, which the service flagged as suspicious, around OpenAI-themed events since March 2023. Unusual Whales flagged 77 positions in 60 wallet addresses as suspected insider trades, looking at the age of the account, trading history, and significance of investment, among other factors."
"The tell is the clustering. In the 40 hours before OpenAI launched its browser, 13 brand-new wallets with zero trading history appeared on the site for the first time to collectively bet $309,486 on the right outcome. When you see that many fresh wallets making the same bet at the same time, it raises a real question."
OpenAI terminated an employee who used confidential company information for trading on prediction market platforms, particularly Polymarket. CEO of Applications Fidji Simo announced the termination internally, stating the employee violated policies prohibiting use of confidential information for personal gain. Analysis by financial data platform Unusual Whales identified suspicious trading patterns across 60 wallet addresses on Polymarket's blockchain-based ledger, flagging 77 positions as suspected insider trades. These suspicious activities clustered around OpenAI product launches including Sora and GPT-5, as well as CEO Sam Altman's employment status changes. The pattern included new wallets placing coordinated bets immediately before major company announcements, suggesting systematic insider trading activity.
Read at WIRED
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