Kalshi, the prediction betting market, has disclosed its first fines for insider trading, as reported earlier by The Wall Street Journal. In addition to handing down a $20,000 fine to a MrBeast editor, Kalshi also charged a California gubernatorial candidate over $2,000 after a video on X “appeared to show him trading on his own candidacy.”
In a notice on Wednesday, Kalshi claims MrBeast editor Artem Kaptur traded about $4,000 on YouTube streaming markets, violating its insider trading rules. “Our surveillance systems flagged his near-perfect trading success on markets with low odds, which were statistically anomalous,” Bobby DeNault, legal …
Read the full story at The Verge.
Original Source: https://www.theverge.com/policy/884570/kalshi-insider-trading-mrbeast-fines
Original Source: https://www.theverge.com/policy/884570/kalshi-insider-trading-mrbeast-fines
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