OpenAI fired an employee for insider trading on prediction markets like Polymarket; Unusual Whales has flagged 77 suspected insider trades around OpenAI events
Prediction markets like Polymarket and Kalshi are big business, and some Big Tech employees are testing boundaries by making trades based on insider knowledge.
Wired Kate Knibbs
Related Coverage
- OpenAI fires employee for using confidential info on prediction markets TechCrunch · Julie Bort
- Polymarket Updates Live Odds for Trading Opportunities Blockchain.News
- The Great Insider Trading Reckoning Reportedly Hits OpenAI Gizmodo · AJ Dellinger
- OpenAI Fires Employee Over Alleged Polymarket Insider Trading Tech Times · Jose Enrico
- OpenAI Fires Employee for Prediction Market Trades The Information · Rocket Drew
- OpenAI Fires an Employee For Prediction Market Insider Trading Slashdot · BeauHD
- OpenAI fires employee over Polymarket trades, signals zero tolerance on inside information Moneycontrol · Sarthak Singh
- Insider Trading Is Shaping Prediction Markets. Polymarket Sees an Edge. Barron's Online · Nick Devor
- Insider Wallet Gains $493K on US Strikes Iran Prediction Market Blockchain.News
- Suspected insiders make over $1.2 million on Polymarket ahead of U.S. strike on Iran CoinDesk · Francisco Rodrigues
- OpenAI Fires an Employee for Prediction Market Insider Trading Hacker News
Discussion
-
@metapreston
Preston
on x
Imagine missing out on generational equity for short-term profit
-
@alexeheath
Alex Heath
on x
Prediction: This plus the two other enforcement actions taken by Kalshi this week will be the first of many insider trading cases for prediction markets
-
@hshaban
Hamza Shaban
on x
Like the MrBeast case, this style of enforcement is straightforward: an employee was sloppy or brazen about using company info for gambling. But who decides what is “material non-public information” outside the context of a company? or when the person betting isn't an employee?
-
@carnage4life
Dare Obasanjo
on bluesky
Losing your job at OpenAI for insider trading for betting on OpenAI announcements on Polymarket and Kalshi sounds like the dumbest way someone's lost millions of dollars that I've ever heard.
-
@knibbs
Kate Knibbs
on bluesky
SCOOP: OpenAI fired an employee for their prediction market activity www.wired.com/story/openai...
-
r/technology
r
on reddit
OpenAI Fires an Employee for Prediction Market Insider Trading
-
r/OpenAI
r
on reddit
OpenAI Fires an Employee for Prediction Market Insider Trading