Ex-White House Operator Fined for Betting on Trump’s Speeches
Gabriel Perez, a former teleprompter operator for the White House, has been ordered to pay over $172,000 for placing bets on President Trump's speeches using insider information. The penalties include forfeiting $107,500 in profits gained from the illegal activity.
Sources
Gabriel Perez, a former White House teleprompter operator, has been fined $172,000 by the Commodity Futures Trading Commission (CFTC) for using inside information to place bets on Donald Trump’s speeches through the Kalshi prediction market. The penalty includes $107,539.02 in disgorgement of profits and a $65,000 civil fine, with a three-year trading ban imposed after an investigation revealed he misappropriated nonpublic information related to Trump’s speeches. Perez’s activities raised concerns about insider trading in prediction markets, highlighted by similar cases, including a US soldier indicted for a $400,000 bet tied to political events.
Former White House teleprompter operator Gabriel Perez has been ordered to pay over $172,000 for betting on President Trump's speeches using insider information. Perez will surrender profits of $107,539.02 and pay a civil penalty of $65,000, and he has been banned from trading for three years due to breaching his duty of trust. The Commodity Futures Trading Commission (CFTC) reported that unusual betting patterns led to the discovery of Perez's activities, prompting internal warnings against similar actions among White House staff.