The Commodity Futures Trading Commission has penalized a longtime White House teleprompter operator for using advance knowledge of President Trump’s speeches to profit in online prediction markets, a scandal the administration calls a “disgrace.”
Gabriel Perez, who served as President Trump’s teleprompter operator since 2016, now faces staggering financial penalties and a multi-year ban after federal regulators determined he used privileged White House access for personal gain. The Commodity Futures Trading Commission (CFTC) announced that Perez “misappropriated” nonpublic information from his government job by trading contracts on Kalshi, a prediction-market platform, wagering on whether Trump would say certain words or phrases in public remarks. The CFTC ordered Perez to surrender more than $107,000 in profits, pay a $65,000 civil penalty, and accept a three-year ban from trading event contracts.
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