White House teleprompter operator who placed bets on Trump’s speeches ordered to pay $172K
Gabriel Perez, a former White House teleprompter operator, must pay $172,000 to settle a Commodity Futures Trading Commission probe. Perez used non-public access to Donald Trump's speech drafts to place bets on prediction markets via Kalshi. By trading on a presidential mention market, Perez earned more than $107,500 before the CFTC intervened. While most reports cite a $172,000 payment, one source reports a $65,000 fine to settle the insider-trading case.
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- ✓ Gabriel Perez served as a White House teleprompter operator.
- ✓ The CFTC ordered Perez to pay $172,000 to settle a probe into his trading activities.
- ✓ Perez used non-public information from Trump's speeches to bet on Kalshi prediction markets.
- ✓ Perez profited more than $107,500 from these trades.
What changed
The CFTC has ordered Gabriel Perez to pay a settlement following an investigation into his prediction market trades.
Live updates
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Former White House Teleprompter Operator Fined for Insider Betting
Gabriel Perez, a former White House teleprompter operator, must pay $172,000 to settle a Commodity Futures Trading Commission probe. Perez used non-public access to Donald Trump's speech drafts to place bets on prediction markets via Kalshi. By trading on a presidential mention market, Perez earned more than $107,500 before the CFTC intervened. While most reports cite a $172,000 payment, one source reports a $65,000 fine to settle the insider-trading case.
Why it matters
Prediction markets allow users to bet on the outcome of specific events, such as whether a politician will mention a topic in a speech. This case highlights the legal risks of using government access for financial gain through these platforms.
What is confirmed
- Gabriel Perez served as a White House teleprompter operator.
- The CFTC ordered Perez to pay $172,000 to settle a probe into his trading activities.
- Perez used non-public information from Trump's speeches to bet on Kalshi prediction markets.
- Perez profited more than $107,500 from these trades.
Still unconfirmed
- Perez will pay a $65,000 fine to settle the insider-trading case.
- The fine amount is £126,900.
What to watch next
- Confirmation of the final settlement amount to resolve the discrepancy between $172,000 and $65,000.
- Potential further legal actions or employment repercussions for Perez.
confidence 80%Sources used for this update (9)
- 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
- CNBC — CFTC fines former White House aide $172,000 for trading on Trump speech information
- CBS News — Ex-White House teleprompter operator ordered to pay $172,000 for insider bets on Kalshi
- The Hill — White House teleprompter operator who placed bets on Trump’s speeches ordered to pay $172K
- 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
- www.ibtimes.co.uk — White House Teleprompter Operator Fined $172K for Insider Trading Using Trump Speech Drafts
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