Author: Emma Roth
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 …
Read the full story at The Verge.
Continue reading...
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 …
Read the full story at The Verge.
Continue reading...