Kalshi Accuses a ‘MrBeast’ Employee of Insider Trading
The New York Times • • business
Key Points:
- Kalshi, a prediction-market platform, suspended an employee for two years and fined him $20,000 after discovering he made highly accurate trades on the outcomes of the streaming show "MrBeast," indicating insider trading.
- The employee, identified as Artem Kaptur, was reported to federal regulators by Kalshi following the enforcement action.
- Kalshi's surveillance system flagged Kaptur's near-perfect trading success on markets with low odds as statistically anomalous, prompting further investigation.
- Other users on the platform also noticed and reported Kaptur's suspicious trading activity to Kalshi.
- Kalshi allows users to wager on diverse events, including entertainment outcomes, presidential elections, and award winners.
