Kalshi says it fined a MrBeast editor and a politician for insider trading
TL;DR
Kalshi fined a MrBeast editor $20,000 and a California gubernatorial candidate over $2,000 for insider trading, marking its first such penalties after surveillance flagged anomalous trading activity.
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 …