Beast Industries, the firm behind YouTube star MrBeast’s growing media and consumer goods empire, has fired a video editor for insider trading following an internal investigation.
CEO Jeff Housenbold recently informed employees about the former video editor’s termination via email, while underscoring the company’s strict stance against abusive behavior on prediction markets among staff, a source familiar with the matter told Decrypt.
Although lawmakers’ concerns have largely focused on the potential abuse of classified military intelligence and ethical issues associated with topics like war and death, Kaptur’s termination shows how quickly companies can react when it comes to addressing bad actors.
After Kalshi unveiled the enforcement action against Kaptur, a Beast Industries spokesperson told Decrypt that the company’s restrictions regarding insider trading on prediction markets extend to contestants participating in the firm’s reality competition series, Beast Games.
“We have a longstanding policy in place against employees using proprietary company information which safeguards the highest standards and ethics throughout our organization,” they said. “Beast Industries has no tolerance for this behavior.”
Klashi continues to facilitate wagers on MrBeast’s videos, which tend to focus on what he’ll say next. The same goes for Polymarket, which hosted three markets associated with the YouTube creator on Wednesday that had generated at least $100,000 in trading volume each.
