Kalshi fines and suspends MrBeast employee for insider trading
CBS News • • business
Key Points:
- Kalshi fined and suspended Artem Kaptur, an editor for YouTuber MrBeast, for insider trading after he placed bets using non-public information from his job, marking one of the first disciplinary actions in the prediction market industry.
- Kaptur was fined $15,000, ordered to return $5,397.58 in profits, and suspended from Kalshi for two years following the investigation triggered by suspicious trading patterns.
- Kalshi also banned Kyle Langford for five years and fined him $2,000 after he wagered on his own gubernatorial candidacy, which he later abandoned to run for Congress.
- The company has opened 200 investigations into potential insider trading in the past year and reported both
