Summary
Artem Kaptur, a video editor for the popular YouTuber MrBeast, was fined and suspended by the prediction market platform Kalshi for insider trading. The company reported him to federal regulators after finding he used private information related to his employment to gain an unfair advantage.
Key Facts
- Artem Kaptur is a video editor for MrBeast, YouTube's most popular content creator.
- Kalshi is a platform where people can predict outcomes on various topics like sports and elections.
- Kaptur allegedly used inside, non-public information for trading on the platform.
- Kalshi suspended Kaptur and fined him $20,000.
- Kalshi reported the case to federal regulators for investigation.
- Beast Industries, owned by MrBeast, has begun its own investigation into the matter.
- The situation marks Kalshi's first public disclosure of insider trading findings.
