Mr Beast fires video editor who Kalshi said had ‘near-perfect’ trading record, citing insider trading concerns |
Mr Beast fires video editor who Kalshi said had ‘near-perfect’ trading record, citing insider trading concerns
Beast Industries fired a MrBeast video editor this week following accusations of insider trading by the prediction market operator Kalshi.
Kalshi announced last month that a user who traded about $4,000 on streaming markets related to MrBeast videos with “near-perfect” success turned out to be an employee of Beast Industries who “likely had access to material non-public information.” Kalshi suspended the editor from its platform for two years, fined him $20,000 and alerted federal regulators.
A spokesperson for Beast Industries, founded by Jimmy Donaldson, said the roughly 500-person company has “no tolerance for this behavior” and has initiated an independent investigation. Jeff Housenbold, the company’s president and........