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OpenAI has fired an employee over the employee’s activity on prediction markets, including Polymarket, the company confirmed to Wired. The employee used confidential OpenAI information in connection with the trades made, the company alleges. OpenAI didn’t release the name of the employee. However, a spokesperson said that such actions violated a company policy that bans…
“Stocks ‘mystery rally’ 60 seconds before inflation numbers hit: report” A surge in trading activity in the 60 seconds before the release of critical November inflation data this week has sparked speculation that the closely watched report was prematurely leaked. Stock futures surged more than 1% just before the November edition of the Consumer Price…
“CBS, Leslie Moonves to pay $30.5 for covering up sexual assault allegations” CBS and its former Chief Executive Officer Leslie Moonves have been ordered to pay $30.5 million dollars — mostly to shareholders — for insider trading and covering up multiple sexual assault allegations against Moonves, New York Attorney General Letitia James announced on Wednesday….
“Mark Cuban warns bitcoin, crypto face looming SEC ‘nightmare’” Tightened SEC regulation of the cryptocurrency industry represents a potential “nightmare” for the struggling sector, whose prices already have been battered by surging interest rates and recession fears, billionaire Mark Cuban warned on Twitter. Cuban provided his dire warning in response to a tweet from Sen….
“Nancy and Paul Pelosi are trading large — with a wealth of hypocrisy” Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it’s mostly a hypocritical marketing ploy. Bernie Sanders, the socialist, lives a pretty non-socialist life with a town house, a vacation home and all the…
“OpenSea ex-employee charged in first NFT insider trading case” US prosecutors in Manhattan on Wednesday charged a former product manager at OpenSea, the largest online marketplace for non-fungible tokens, with insider trading, the first such case involving digital assets. Nathaniel Chastain, 31, of Manhattan, was accused of secretly buying 45 NFTs on 11 separate occasions based on confidential information that the tokens, or others by the same creator, would…
“Madison Cawthorn could be indicted for insider trading: report” Madison Cawthorn, the controversial GOP freshman congressman, may have broken the law by engaging in insider trading as part of a pump-and-dump cryptocurrency scheme, according to a report. The Republican from North Carolina appeared at a Dec. 29 party alongside hedge fund manager James Koutoulas, who…
“Joe Rogan slams Nancy Pelosi, pols for ‘insider trading’” Joe Rogan took aim at House Speaker Nancy Pelosi and other members of Congress for being allowed to own stock options even though they’re in a position to regulate the industries from which they are profiting. “They know laws that are going to be put into…
“Barry Diller, David Geffen probed over Microsoft-Activision trades” The US government is investigating media moguls David Geffen, Barry Diller and his stepson Alexander von Furstenberg over bets the trio made on Activision Blizzard ahead of its merger with Microsoft. The three men have an unrealized profit of roughly $60 million from the trade based on…
“WallStreetBets founder debuts new fund that mimics Nancy Pelosi stock trades” The founder of the WallStreetBets Reddit board that helped spark the meme-stock phenomenon now is pitching a product that lets people invest just like a certain member of Congress. You could call it the “If you can’t beat ‘em, join ‘em” fund. Called the…