Alex Ossola

Prediction market platform CalShe said today that it's fined two users for violating its rules.

One person who ran for governor in California was fined more than $2,000, which includes the amount related to his trades and penalties, while another was asked to pay more than $20,000.

CalShe said this was the first time it's publicly disclosed disciplinary actions against users and comes as the proliferation of prediction markets has raised concerns about users making trades using inside information and manipulating markets.

For more, I'm joined now by Journal reporter Crystal Herr.

Crystal, how did Kalshi catch these two users?

What rules did the users violate exactly?

And we should note that a spokesperson for the company that oversees Mr. Beast's business ventures said the firm prohibits its employees from making prediction market wagers using proprietary company information.

And it declined to comment on whether the employee still works there.

Crystal, as I mentioned, this is the first time that CalShe has publicly made it known that it's taken disciplinary action against users.

Should we expect to see more of this?

That was Journal reporter Crystal Herr.

Thanks, Crystal.

And that's what's news for this Wednesday afternoon.

Today's show is produced by Pierre Bien-Aimé with supervising producer Jana Herron.

I'm Alex Osola for The Wall Street Journal.

We'll be back with a new show tomorrow morning.

Thanks for listening.

I'm Alex Oselev for The Wall Street Journal.

We're exclusively reporting that the Trump administration told lawmakers it won't share classified intelligence related to a whistleblower complaint against spy chief Tulsi Gabbard.

In an email to Democratic congressional staffers sent earlier this month, Gabbard's office informed lawmakers that it can't provide the unredacted documents, quote, due to the assertion of executive privilege on portions of the intelligence.