Overview
- Kalshi named MrBeast editor Artem Kaptur as a trader who used likely nonpublic information on YouTube-related markets, fining him more than $20,000 and suspending him for two years.
- The exchange identified the political user as Kyle Langford, a former California gubernatorial candidate now running for Congress, issuing a five-year ban and a roughly $2,200 fine after he wagered about $200 on his own bid and promoted it on social media.
- Kalshi says its systems flagged anomalous activity in both cases, froze the accounts before withdrawals, and referred the matters to the Commodity Futures Trading Commission.
- The company reports opening roughly 200 investigations over the past year and says more than a dozen cases remain active as it begins publishing enforcement summaries modeled on traditional exchanges.
- Beast Industries said it has zero tolerance for such conduct and has launched an internal review, while the CFTC has not publicly commented on Kalshi’s referrals.