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White House teleprompter operator probed for insider trading on prediction market

By PulseAugur Editorial · [1 sources] ·

Federal regulators are investigating a White House teleprompter operator, Gabriel Perez, for allegedly using advance knowledge of President Trump's speeches to make profitable trades on the prediction market Kalshi. The Commodity Futures Trading Commission (CFTC) is looking into whether Perez bet on "mention markets" using information from speeches, including the State of the Union. Perez reportedly won over $100,000 from these trades, though Kalshi froze his account after flagging the activity, preventing him from realizing most of the profits. While federal prosecutors declined to pursue a criminal investigation, the CFTC is discussing a settlement that could involve returning profits. AI

RANK_REASON Investigation into an individual's alleged misuse of information for personal gain on a prediction market, rather than a systemic AI development or policy issue.

Read on Axios Technology →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

White House teleprompter operator probed for insider trading on prediction market

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Investigation into an individual's alleged misuse of information for personal gain on a prediction market, rather than a systemic AI development or policy issue.
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COVERAGE [1]

  1. Axios Technology TIER_1 English(EN) · Nathan Bomey ·

    White House teleprompter operator investigated over alleged trades on Trump speeches

    <p>Federal regulators are investigating whether a White House teleprompter operator capitalized on his knowledge of President Trump's prepared speech text by making trades on the prediction market Kalshi, according to two sources familiar with the matter. </p><ul><li>The speeches…

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