Kalshi fines and suspends MrBeast employee for insider trading
CBSN
Kalshi on Wednesday said it fined and suspended an employee of the popular YouTuber MrBeast for insider trading, marking one of the first disciplinary actions within the fast-growing prediction market industry. Edited by Alain Sherter In:
Kalshi on Wednesday said it fined and suspended an employee of the popular YouTuber MrBeast for insider trading, marking one of the first disciplinary actions within the fast-growing prediction market industry.
The case involved bets on certain events occurring in MrBeast's videos, which were flagged by Kalshi's surveillance team for their "near-perfect trading success on markets with low odds," according to the company's statement.
In a regulatory notice, Kalshi identified the individual behind the wagers as Artem Kaptur, whom the company said was employed as an editor for MrBeast while he traded on non-public information he obtained through his job.
MrBeast, whose real name is Jimmy Donaldson, didn't immediately respond to a request for comment. MrBeast is the most popular channel on YouTube, with roughly 468 million subscribers, according to vidIQ.
Kalshi and rival prediction markets such as Polymarket allow people to place bets on sports, politics, entertainment and any other events. For example, users can wager on the Super Bowl or which celebrity romances might fall apart.
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