Kalshi suspends 3 political candidates for insider trading – CBS News Watch CBS News Prediction market site Kalshi has fined and suspended three political candidates from its site for “political insider trading.” CBS News senior business and tech correspondent Jo Ling Kent has more details. Source link
Kalshi suspends three politicians for insider trading Source link
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company’s artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss. Source link
Prediction market Kalshi said Wednesday that it had fined and suspended three political candidates for trading on their own races during primary campaigns. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “Just like in traditional financial markets, bad actors will try to cheat,” Kalshi said in a statement. … Read more
Reports of big payouts from market trades that appeared to foresee major actions by the Trump administration – potentially with insider information – are becoming increasingly common. Last week, the oil futures market saw a spike in trades about 15 minutes before President Donald Trump announced a pause in plans to attack Iranian power plants. … Read more
Over 40 Democrats in the U.S. House and Senate signed a letter to top administration regulators and ethics officials on Monday asking for governmentwide training on insider trading in prediction markets. The letter to the Commodity Futures Trading Commission and the Office of Government Ethics comes after weeks of increasing scrutiny regarding potential insider trading … Read more
A flurry of bets made prior to major announcements about the Iran war has ramped up speculation that individuals or groups with advance knowledge of U.S. military plans are cashing in on insider information. And while prediction market platforms Polymarket and Kalshi now say they are taking more proactive measures designed to prevent such illicit … Read more
Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events. The New York-based company said Monday that it has updated its rules to prohibit trades based on “stolen confidential information” or illegal tips. … Read more
Kalshi on Wednesday said it fined and suspended an employee of the popular YouTuber MrBeast for insider trading, marking one of the first disciplinary actions within the fast-growing prediction market industry. The case involved bets on certain events occurring in MrBeast’s videos, which were flagged by Kalshi’s surveillance team for their “near-perfect trading success on … Read more