CFTC Orders Ex-White House Aide to Pay $172K for Insider Trades on Kalshi
Summary
The CFTC settled insider trading charges against Gabriel Perez, a former White House teleprompter operator, ordering him to disgorge $107,539 in profits and pay a $65,000 civil penalty for using advance access to Trump's speeches to trade Kalshi mention markets. Perez also received a three-year trading ban. The settlement follows the CFTC's investigation reported in July and marks the second event-contract settlement in recent weeks, after George Santos agreed to pay $35,000. Kalshi's surveillance unit detected the trading and the exchange was credited for its cooperation, reinforcing its compliance posture amid broader regulatory scrutiny. The news is moderately positive for Kalshi's reputation as a self-policing platform, though it also highlights ongoing insider trading risks in prediction markets.
This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: The Block.