Trump teleprompter aide made $100,000 betting on what Trump would say, reports say
Summary
A teleprompter operator for President Trump allegedly made $100,000 by betting on whether certain words or phrases would be said during Trump’s speeches. This activity took place on a prediction market called Kalshi, which allows people to bet on future events based on inside knowledge. Kalshi noticed unusual bets, froze the operator’s funds, and reported the case to the Commodity Futures Trading Commission (CFTC), which is investigating.Key Facts
- Kalshi is a prediction market where people bet on events by buying contracts tied to future outcomes.
- The teleprompter operator, Gabriel Perez, had access to President Trump’s speeches and sometimes changed his bets during the speeches.
- Perez allegedly made $100,000 by betting on specific words and phrases being mentioned during Trump’s talks.
- Kalshi discovered suspicious betting activity connected to a federal employee and froze his account.
- The CFTC, the federal agency overseeing such markets, is investigating Perez for possible insider trading.
- The Trump White House warned employees earlier to avoid using private information to place bets on these markets.
- Similar cases of government insiders using secret information to profit on prediction markets have occurred before.
- Kalshi is fighting state laws by seeking federal regulation from the CFTC for its markets.
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