Trump Aide Accused of $100K Kalshi Insider Bet Leaves Government
Summary
Gabriel Perez, the White House teleprompter operator under CFTC investigation for insider trading on Kalshi, is out of government. A White House official confirmed he no longer works there, though it's unclear if he resigned or was fired. Perez allegedly made over $100,000 betting on Kalshi markets tied to Trump's speeches using nonpublic information. Kalshi's own surveillance flagged the activity and referred it to the CFTC. This follows the July 16 Reuters report that the CFTC was probing Perez. The departure and the six-figure profit detail escalate the legal and reputational risk for Kalshi, which already faces regulatory battles in multiple states. The platform's proactive detection and referral may mitigate some compliance concerns, but the headline reinforces the narrative that prediction markets can be exploited with inside information.
This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.