White House teleprompter operator accused over Trump bets no longer in job, official says
Summary
A White House teleprompter operator, Gabriel Perez, who reportedly used insider knowledge from President Donald Trump’s speeches to place bets on an online prediction market, is no longer employed by the federal government. Perez had been on unpaid leave after reports showed he won over $100,000 through such bets, raising concerns about insider trading in prediction markets.Key Facts
- Gabriel Perez worked as a teleprompter operator for President Trump since 2016.
- He used information about Trump’s speeches to place bets on Kalshi, a prediction market platform.
- Perez won more than $100,000 betting on phrases Trump would say in major speeches.
- Perez is no longer working for the federal government; it is unclear if he resigned or was fired.
- Kalshi flagged and reported suspicious trades to the U.S. Commodity Futures Trading Commission.
- Prediction markets let users bet on future events, and their trading volume on Kalshi grew from $100 million to $3 billion in one year.
- Critics say prediction markets resemble unregulated gambling and have raised legal concerns.
- President Trump supports leaving regulation of prediction markets to the federal Commodity Futures Trading Commission rather than states.
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