Kalshi co-founder levels off-color remark at MrBeast employee caught for insider trading

Prediction markets are exploding in popularity as people rush to bet on real world events, from sports to elections to celebrity behavior. The platforms, however, have also tempted individuals to make a quick buck from insider information. The latest example came on Wednesday when Kalshi announced it had closed investigations into two cases of insider trading, including one that targeted a MrBeast employee named Artem Kaptur who made over $5,000 on bets related to YouTube streaming milestones.

The second investigation targeted a long-shot candidate for California governor in violation of Kalshi’s rules for politicians. In a salty tweet sharing news of the investigations, Kalshi co-founder Luana Lopes Lara, using a variation of a popular crude expression, said the pair “F***ed around, found out.”

Kalshi also suspended Kaptur for two years and imposed a penalty of $20,397.58, using a power granted by the Commodity and Futures Trading Commission for exchanges to impose fines on customers. In the case of the g...