Fired Trump Goon Ordered to Pay Up After Insider Trading Bust
Gabriel Perez, a former White House teleprompter operator, must pay a settlement following a Commodity Futures Trading Commission probe into insider trading. Perez used early access to Donald Trump's speeches to bet on presidential mention market contracts on the Kalshi platform. While most sources report a payment of $172,000, one source cites a $65,000 fine. Perez reportedly profited more than $107,500 from these bets before the regulatory action.
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- ✓ Gabriel Perez worked as a White House teleprompter operator.
- ✓ Perez placed bets on the Kalshi prediction market regarding Donald Trump's speeches.
- ✓ The Commodity Futures Trading Commission conducted a probe into Perez's trading activity.
- ✓ Perez used access to speeches before they were delivered to bet on presidential mention market contracts.
What changed
The CFTC concluded its probe into Gabriel Perez's use of Kalshi to bet on speech contents.
Live updates
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Ex-White House Teleprompter Operator Fined for Prediction Market Bets
Gabriel Perez, a former White House teleprompter operator, must pay a settlement following a Commodity Futures Trading Commission probe into insider trading. Perez used early access to Donald Trump's speeches to bet on presidential mention market contracts on the Kalshi platform. While most sources report a payment of $172,000, one source cites a $65,000 fine. Perez reportedly profited more than $107,500 from these bets before the regulatory action.
Why it matters
Prediction markets allow users to bet on the outcome of real-world events. Using non-public government information to gain an advantage in these markets constitutes insider trading.
What is confirmed
- Gabriel Perez worked as a White House teleprompter operator.
- Perez placed bets on the Kalshi prediction market regarding Donald Trump's speeches.
- The Commodity Futures Trading Commission conducted a probe into Perez's trading activity.
- Perez used access to speeches before they were delivered to bet on presidential mention market contracts.
Still unconfirmed
- Perez must pay $172,000 to settle the probe.
- Perez must pay a $65,000 fine to settle the case.
- Perez profited more than $107,500 from the bets.
What to watch next
- Confirmation of the final settlement amount paid to the CFTC.
- Potential criminal charges following the civil settlement.
confidence 80%Sources used for this update (8)
- The Guardian — Ex-White House teleprompter operator fined $172,000 for Trump speech bets
- Fox Business — Trump teleprompter operator ordered to pay nearly $173K over Kalshi bets on speeches
- ABC News - Breaking News, Latest News and Videos — Ex-White House teleprompter operator to pay $172,000 to settle CFTC probe
- NBC News — White House teleprompter operator ordered to pay $172K for placing prediction market bets on Trump’s speeches
- CBS News — Ex-White House teleprompter operator ordered to pay $172,000 for insider bets on Kalshi
- The Daily Beast — Fired Trump Goon Ordered to Pay Up After Insider Trading Bust
- CNN — Trump’s longtime teleprompter operator to pay $65,000 fine to settle insider-trading case
- decrypt.co — Ex-White House Teleprompter Operator Fined for Prediction Market Insider Trading
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