Kalshi notes it has conducted around 200 investigations over the past year, with about a dozen still active, reinforcing its stance on deterrence and transparency.

Online prediction markets, led by platforms like Kalshi and Polymarket, are expanding, but face ongoing regulatory scrutiny and legal questions about insider trading on these markets.

The discourse surrounding insider trading risks in prediction markets remains active, with involvement of political figures in advisory roles at Kalshi and Polymarket noted as part of broader debates.

Other prediction markets have faced similar concerns, underscoring persistent worries about insider information shaping outcomes in this new financial domain.

Enforcement actions in these cases are non-criminal and proceed under Kalshi's rulebook, with investigations expected to conclude in roughly a year and a formal hearing process in place.

Kalshi says these actions are part of a broader enforcement program led by lawyer Robert DeNault and may be reported to the CFTC.

Beast Industries has a strict no-tolerance policy on using proprietary information and has launched an independent internal inquiry.

MrBeast’s production company emphasizes zero tolerance for insider trading and upholding ethical standards.

Beast Industries prohibits employees from wagering on markets tied to MrBeast using proprietary information.

An editor connected to MrBeast’s show accessed material non-public information, prompting Kalshi to freeze the account and report the case to the CFTC.

Kalshi reported the insider-trading case to the CFTC and will donate the more than $20,000 in fines to a nonprofit dedicated to educating consumers about derivatives markets.

Kalshi’s fines from insider-trading cases are earmarked for a consumer-education nonprofit, with ongoing public disclosures of such actions.