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Kalshi, one of several online prediction markets that have exploded in popularity in the last few years, has suspended one of YouTube MrBeast's video editors for insider trading, NPR reports. Besides being suspended from the platform for two years, Kalshi says the editor will also be required to pay a financial penalty that's five times his initial trade size.
The editor, Artem Kaptur, traded in markets related to YouTube and specifically, MrBeast. Kalshi says his transactions were initially flagged because of his "near-perfect trading success on markets with low odds, which were statistically anomalous." Because trades are public on Kalshi, multiple users also flagged the trades as suspicious. Kalshi learned Kaptur was an employee of MrBeast during its investigation and determined he "likely had access to material non-public information connected to his trading." Perhaps unsurprisingly, trading with insider information violates Kalshi's rules.
Kalshi says that it reported the insider trading to the Commodity Futures Trading Commission (CFTC) and plans to donate the over $20,000 Kaptur has been fined to "a non-profit that provides consumer education on derivatives markets." In a statement provided to NPR, Beast Industries, MrBeast's production company, said it has a zero-tolerance policy for insider trading. "We have a longstanding policy in place against employees using proprietary company information in order to safeguard the highest standards and ethics throughout our organi
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For Apple-using workers on the go, especially if you frequent shared co-working spaces or public places, don't assume you're as secure as you think you are.
Co-working spaces are particularly under threat, in part because criminals have already figured out that the people using them are good targets for data theft, ransomware, and more.
They've also realized that at least some of those working from such spaces might well be part of, or connected with, larger corporate entities — meaning a successful data heist could unlock the gates to greater and more profitable kingdoms. There are useful resources from government and industry aimed at helping workers lock down their devices and data. In the US, for instance, the National Institute of Standards and Technology has published a useful guide to explain some of the risks, while the US Office of Personnel Management offered up even more useful advice.
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