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Artem Kaptur

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business1 month ago•15 min saved

Beast Editor Faces Kalshi Insider-Trading Allegations

An editor for MrBeast, Artem Kaptur, allegedly traded about $4,000 on Kalshi markets tied to Jimmy Donaldson’s videos, using nonpublic information to win bets with low odds. Kalshi flagged his results as anomalous, fined him over $20,000 and suspended him from Kalshi for more than two years; the case was referred to the CFTC. Beast Industries says it has a strict no-tolerance policy and has launched an independent internal investigation as Hollywood prediction markets gain traction.

via The Hollywood Reporter|

#artem-kaptur #business #cftc

policy1 month ago•47 min saved

Kalshi fines first insider-trading cases hit MrBeast editor and a candidate

Kalshi disclosed its first insider-trading penalties: a $20,000 fine and two-year suspension for MrBeast editor Artem Kaptur after he traded about $4,000 on YouTube streaming markets, and more than $2,000 in penalties plus a five-year ban for California gubernatorial candidate Kyle Langford after trading on events he appeared to influence. Kalshi says it reported both cases to the CFTC and has opened over 200 investigations in the past year, highlighting growing concerns about insider trading in prediction markets and regulatory scrutiny.

via The Verge|

#artem-kaptur #insider-trading #kalshi