White House Teleprompter Operator Made $100K on Trump Speech Bets via Kalshi
Summary
A White House teleprompter operator, Gabriel Perez, allegedly made nearly $100,000 betting on words Trump would use in speeches, using inside information. The trades were placed on Kalshi's prediction markets. Kalshi detected unusual activity in March, reported it to the CFTC, and froze Perez's account before profits could be withdrawn. The White House says Perez is on unpaid leave and will no longer work there. This follows a Reuters report earlier today that the CFTC is investigating Perez for potential insider trading on Kalshi's mention markets. The incident raises regulatory and reputational risks for Kalshi, which is already fighting state-level bans and pursuing a potential IPO. The CFTC's involvement and the high-profile nature of the case could intensify scrutiny of prediction markets.
This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.