Kalshi says that it reported the insider trading to the Commodity Futures Trading Commission (CFTC) and plans to donate the over $20,000 Kaptur has been fined to "a non-profit that provides consumer education on derivatives markets." In a statement provided to NPR, Beast Industries, MrBeast's production company, said it has a zero-tolerance policy for insider trading. "We have a longstanding policy in place against employees using proprietary company information in order to safeguard the highest standards and ethics throughout our organization," Beast Industries said.
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From there, Michael took a less conventional path than many Silicon Valley executives by moving into government, serving from 2009 to 2011 as a White House fellow under President Barack Obama, serving as special assistant to then–Defense Secretary Robert Gates at the DOD where he managed projects in Afghanistan, Iraq, and Pakistan and oversaw efforts aimed at reducing bureaucracy to provide resources to soldiers.
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