Kalshi says it fined a MrBeast editor and a politician for insider trading
The Verge • • business
Key Points:
- Kalshi has issued its first fines for insider trading, including a $20,000 penalty to MrBeast editor Artem Kaptur and over $2,000 to California gubernatorial candidate Kyle Langford, who was also banned for five years from the platform.
- Kaptur was found to have traded on YouTube streaming markets with near-perfect success, likely due to access to non-public information from his role as an editor, leading to a two-year suspension.
- Langford was penalized for trading on his own candidacy, violating Kalshi’s rules against trading on events users directly or indirectly influence.
- These actions highlight growing concerns about insider trading in prediction betting markets, which have attracted regulatory scrutiny amid high-profile large
