Article 73V9N Prediction Market Platform Kalshi Discloses First Insider Trading Enforcement Action

Prediction Market Platform Kalshi Discloses First Insider Trading Enforcement Action

by
msmash
from Slashdot on (#73V9N)
Kalshi, the prediction market platform regulated by the Commodity Futures Trading Commission, has for the first time publicly disclosed the results of an insider trading investigation, naming an editor for YouTube's biggest creator as the offender. The company identified Artem Kaptur, an editor for MrBeast, who it says traded around $4,000 on markets tied to the streamer and achieved "near-perfect trading success" on low-odds bets -- a pattern investigators flagged as suspicious. Kalshi froze Kaptur's account before he could withdraw any profits, fined him $20,000, suspended him for two years, and reported the case to the CFTC.

twitter_icon_large.pngfacebook_icon_large.png

Read more of this story at Slashdot.

External Content
Source RSS or Atom Feed
Feed Location https://rss.slashdot.org/Slashdot/slashdotMain
Feed Title Slashdot
Feed Link https://slashdot.org/
Feed Copyright Copyright Slashdot Media. All Rights Reserved.
Reply 0 comments