Kalshi sanctions MrBeast editor, US politician for insider trading

Prediction market platform Kalshi announced on Feb. 25 that it has sanctioned two users for unfairly profiting from insider trading. The individuals, who face fines and platform suspensions, are Kyle Langford, a 24-year-old Republican politician from California, and Artem Kaptur, an editor for MrBeast, the world's most-subscribed YouTuber. In addition to the internal disciplinary action, Kalshi reported the cases to the U.S. Commodity Futures Trading Commission (CFTC). The platform stated that the two users leveraged insider information to achieve a near-perfect success rate on bets in low-probability markets. Kalshi added that this activity was flagged by its monitoring system and also reported by several other users who observed the trading data.