White House teleprompter operator investigated over alleged trades on Trump speeches
Summary
Federal regulators are investigating a White House teleprompter operator, Gabriel Perez, for allegedly using advance knowledge of President Trump's speeches to make trades on a prediction market called Kalshi. Perez reportedly won over $100,000 from these trades and is cooperating with the investigation by the Commodity Futures Trading Commission (CFTC).Key Facts
- Gabriel Perez, a teleprompter operator at the White House, is under investigation for insider trading.
- He allegedly used information from President Trump's planned speeches, including the State of the Union, to make trades on Kalshi.
- Kalshi is a prediction market where people can bet on the likelihood of future events.
- Perez reportedly won more than $100,000 from these trades.
- Kalshi detected the suspicious trades and froze Perez's account to stop further profits.
- The CFTC is investigating the case and has discussed a possible settlement with Perez.
- Federal prosecutors in Manhattan declined to open a criminal investigation.
- The White House said Perez is cooperating fully and that staff must follow strict ethics guidelines.
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