The popular prediction market site Kalshi has announced that it took action against an editor working for YouTube star Mr. Beast, accusing him of insider trading and ordering him to pay a huge financial penalty.

In a blog post, Kalshi reiterated that it bans insider trading, and has recently closed a case against Artem Kaptur, an editor for Mr. Beast who is accused of trading “about $4,000” on streaming markets related to YouTube. The punishment? A two-year suspension from Kalshi and a financial penalty equal to five times the size of the offending trade. The statement says Kaptur must pay $20,397.58, plus a penalty of $15,000.

Kalshi said its disciplinary committee “found reasonable cause to conclude Kaptur traded while employed by or legally affiliated with a Source Agency for Mr. Beast contracts, and that he traded on material, non-public information he obtained because of this employment.”

Continue Reading at GameSpot The popular prediction market site Kalshi has announced that it took action against an editor working for YouTube star Mr. Beast, accusing him of insider trading and ordering him to pay a huge financial penalty.In a blog post, Kalshi reiterated that it bans insider trading, and has recently closed a case against Artem Kaptur, an editor for Mr. Beast who is accused of trading “about $4,000” on streaming markets related to YouTube. The punishment? A two-year suspension from Kalshi and a financial penalty equal to five times the size of the offending trade. The statement says Kaptur must pay $20,397.58, plus a penalty of $15,000.Kalshi said its disciplinary committee “found reasonable cause to conclude Kaptur traded while employed by or legally affiliated with a Source Agency for Mr. Beast contracts, and that he traded on material, non-public information he obtained because of this employment.”Continue Reading at GameSpot  Read MoreGameSpot – All Content