A former White House teleprompter operator has been penalized by federal regulators for allegedly using confidential access to presidential speeches to place insider bets on an online prediction market. The Commodity Futures Trading Commission accused the individual of leveraging nonpublic information about the president’s language in speeches to make profitable wagers on the Kalshi platform. The case highlights concerns over misuse of official access for personal gain, with regulators emphasizing violations of market integrity rules. Details of the enforcement action, including the specific bets and evidence gathered, are outlined in the CFTC’s latest findings.
Commodity Futures Trading Commission said Gabriel Perez wagered on Kalshi about words president used in speechesA White House teleprompter operator who left his post amid accusations that he used inside knowledge to make bets on Donald Trump’s speeches on an online prediction market has been fined $172,000, according to federal regulators.Gabriel Perez exploited “material, nonpublic information” that he gathered through his work for the president in order to place wagers on the Kalshi platform “for his personal benefit”, the Commodity Futures Trading Commission (CFTC) maintained in a news release on Friday. Continue reading...
