White House teleprompter operator put on leave over alleged bets on Trump speeches
Summary
A White House teleprompter operator, Gabriel Perez, was placed on unpaid administrative leave after reports said he used early information about President Trump’s speeches to win over $100,000 betting on an online prediction market called Kalshi. The White House confirmed it follows strict ethical rules and is now having someone else operate the teleprompter during official speeches.Key Facts
- Gabriel Perez has operated President Trump’s teleprompter since 2016.
- Perez allegedly used advance knowledge of speeches to place bets on Kalshi’s “mentions” market, where people bet on if certain words or topics will be said.
- Kalshi detected unusual betting and reported it to the Commodity Futures Trading Commission (CFTC), the federal agency overseeing such markets.
- Perez earned about $175,000 a year as a White House technical adviser.
- The White House placed Perez on unpaid administrative leave and informed President Trump about the situation.
- Federal authorities have recently started investigating insider trading linked to prediction markets like Kalshi.
- Kalshi and its competitor Polymarket made new rules recently after lawmakers proposed restrictions on prediction markets.
- The CFTC, led by chair Michael Selig, supports Kalshi’s legal standing at the federal level, overriding state laws.
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