An editor who worked for YouTube creator MrBeast, whose legal name is James Donaldson, has been suspended by Kalshi after the platform says the editor traded on insider information.
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Rebecca Blackwell\/Associated Press<\/p>\n
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<\/p>\n Rebecca Blackwell\/Associated Press<\/p>\n <\/span>\n<\/div>\n<\/p><\/div>\n An editor who works for YouTube’s biggest creator, MrBeast, has been suspended from the prediction market platform Kalshi and reported to federal regulators for insider trading, Kalshi officials said on Wednesday. It’s the first time the company has publicly revealed the results of an investigation into market manipulation on the popular app.<\/p>\n \n <\/div>\n \n <\/div>\n Kalshi investigators discovered that Kaptur had “near-perfect trading success” on bets about the YouTuber’s videos with low odds, making the wagers appear suspicious, according to company officials.<\/p>\n Many people place wagers about MrBeast on Kalshi. People bet<\/a> hundreds of thousands of dollars on what he will say in his next video. There are markets on the number of subscribers<\/a> he will bring on this year. And people are betting<\/a> on when exactly MrBeast will get married.<\/p>\n<\/a> <\/p>\n
\n The MrBeast employee, who Kalshi identified as Artem Kaptur<\/a> in regulatory filings, traded around $4,000 on markets related to the streamer, the company said.<\/p>\n