Kalshi discloses two insider trading cases: one involving a gubernatorial candidate and Mr. Beast.

PANews reported on February 26 that prediction market platform Kalshi stated it has initiated approximately 200 investigations and frozen multiple suspicious accounts over the past year. It also disclosed two closed insider trading cases: one involving a California gubernatorial candidate who traded approximately $200 on his own campaign and posted about it on social media, resulting in a 5-year ban and a fine equivalent to 10 times the initial trading amount; the other involving an insider in the YouTube streamer-related market who traded approximately $4,000. Due to the "near-perfect win rate" of low-probability contracts, monitoring was triggered, and it was discovered that the insider was a program editor employee suspected of obtaining significant non-public information. This insider was suspended for 2 years and fined 5 times the initial trading amount (recovering $5,397.58 plus a $15,000 fine). Both cases have been reported to the CFTC as required.