OpenAI Fires Employee for Insider Trading on Prediction Markets
An OpenAI employee was fired for making trades on Polymarket and Kalshi based on insider knowledge, highlighting the growing risks of Big Tech workers exploiting prediction markets.
The world of prediction markets, where traders bet on the outcomes of future events, has become an increasingly lucrative arena for those with access to inside information. And some Big Tech employees are pushing the boundaries, using their privileged positions to make trades that provide them with unfair advantages.
The latest example of this troubling trend comes from OpenAI, the artificial intelligence research company behind the popular ChatGPT. According to reports, OpenAI has fired one of its employees for engaging in insider trading on prediction markets like Polymarket and Kalshi.
The fired employee is accused of making trades based on non-public information about OpenAI's activities and plans. This type of behavior, known as insider trading, is illegal and can have serious consequences for both the individual and the company involved.
{{IMAGE_PLACEHOLDER}}Source: Wired
