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 [...]

In a statement on X, Kalshi CEO Tarek Mansour said his company would pay out positions on "Ali Khamenei out as Supreme Leader?" at the last trading price before his death. Mansour said that Kalshi doesn't "list markets directly tied to death" and that its rules are designed to "prevent people from profiting from death." [...]