Ex-White House teleprompter operator ordered to pay $172,000 for insider bets on Kalshi
Summary
A former White House teleprompter operator, Gabriel Perez, was ordered to pay over $170,000 for using secret information about President Trump's speeches to make bets on a prediction market called Kalshi. Perez also received a three-year ban from trading and must repay his profits and a fine after a settlement with U.S. authorities.Key Facts
- Gabriel Perez used early access to President Trump's speech text to place bets on Kalshi, a platform where people predict future events.
- He made $107,500 in profits by betting on specific words and phrases in Trump's speeches between December 2025 and February 2026.
- The Commodity Futures Trading Commission (CFTC) fined him $65,000 and banned him from trading for three years.
- Perez had unpaid leave from the White House after the misuse was found; it is unclear if he resigned or was fired.
- Kalshi detected unusual trading patterns by Perez, froze his account, and reported the case to the CFTC.
- The White House warned employees in March not to bet on prediction markets using secret information.
- Perez worked in various roles during both Trump terms, including as a teleprompter operator and technical adviser.
- White House officials called the situation unfortunate and a breach of trust.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
