OpenAI Fires Employee for Prediction Market Trades
Markets about AI products have become common on Polymarket and Kalshi.
OpenAI earlier this year fired an employee for trading on prediction markets using confidential company information in violation of company policies after an investigation, according to a spokesperson for the company. CEO of Applications Fidji Simo announced the termination to employees earlier this year, the spokesperson said.
Insider trading on prediction markets is on the rise as platforms like Kalshi and Polymarket, which allow users to place small bets on the outcome of events from AI model releases to sporting events, grow in popularity.
Earlier this week, Kalshi announced that it has suspended and fined two accounts for insider trading.
Wired first reported the news of the termination.