SENATE ADJOURNS EMERGENCY PLENARY ON STATE POLICE OVER REP’S DEATH.

-
Image
 SENATE ADJOURNS EMERGENCY PLENARY ON STATE POLICE OVER REP’S DEATH. The Senate today suspended consideration of the highly anticipated State Police Bill and all other legislative business at its emergency plenary session to honour the memory of Hon. Yaya Tongo, a member of the House of Representatives, whose death cast a sombre mood over the National Assembly. The upper chamber had reconvened from recess amid expectations that lawmakers would accelerate action on the proposed constitutional amendment seeking to establish state police across the federation, a measure widely seen as a major step in the ongoing effort to reform Nigeria’s security architecture. However, proceedings were cut short after Senate President Godswill Akpabio announced the death of Tongo, who represented the Kwami/Funakaye Federal Constituency of Gombe State in the House of Representatives. Hon. Tongo passed away at Nizamiye Hospital in Abuja on June 12, 2026, following a brief illness. His death triggered a...
Post a Comment

AN EDITOR FOR YOUTUBE STAR MR BEAST HAS BEEN SUSPENDED FROM THE PREDICTION MARKET PLATFORM KALSHI AND REFERRED TO FEDERAL REGULATORS OVER INSIDER TRADING, KALSHI OFFICIALS SAID WEDNESDAY.(PHOTO).

-


 Kalshi files insider trading complaint involving editor linked to MrBeast 

An editor for YouTube star MrBeast has been suspended from the prediction market platform Kalshi and referred to federal regulators over insider trading, Kalshi officials said Wednesday. This marks the first time the company has publicly disclosed the results of an internal investigation into market manipulation.

The employee, whose name was not released, reportedly traded around $4,000 on markets tied to MrBeast. Investigators flagged the activity after noticing the trader had “near-perfect success” on bets with low odds connected to the YouTuber’s videos, raising suspicions of misuse of confidential information. Kalshi said such conduct violates its rules and could break federal law.

Kalshi froze the editor’s account to prevent withdrawals, imposed a $20,000 fine, and suspended the user for two years. The case has also been reported to the Commodity Futures Trading Commission, which oversees prediction markets. Kalshi’s enforcement chief, Robert DeNault, said the trader likely had access to non-public information through their role as an editor for MrBeast’s content.

In a separate case, Kalshi also penalized former California gubernatorial candidate Kyle Langford, who posted on X in May that he bet on himself and encouraged others to do so. The platform banned Langford for five years and fined him $1,000, warning that candidates should not trade on markets involving their own races.

Prediction markets like Kalshi and Polymarket have grown rapidly in recent years, allowing users to place wagers on events ranging from election outcomes to celebrity actions. These platforms are regulated as “futures contracts” by the CFTC, rather than falling under state gambling laws, a setup that has facilitated rapid industry growth.

The rise of these markets has raised concerns about insider trading. In January, a Polymarket trader profited $400,000 by betting on the capture of Venezuelan leader Nicolás Maduro before the news was public, and Israeli authorities recently arrested people for using classified information to bet on potential military operations in Iran. Kalshi says it has opened more than 200 insider trading investigations in the past year, 12 of which are still active.

Kalshi said fines collected from these cases will go to a nonprofit focused on consumer education about derivatives markets. “No system is perfect. No financial exchange is immune from bad actors,” DeNault said. “We’re committed to deterring and finding the bad actors, manipulators, and those who willingly cheat.”


Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more