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Ex-White House staffer fined $65K for insider trading on prediction market

By PulseAugur Editorial · [1 sources] ·

A former White House teleprompter operator, Gabriel Perez, has agreed to a settlement with the Commodity Futures Trading Commission (CFTC) that includes forfeiting over $100,000 in profits and paying a $65,000 fine. Perez used advance knowledge of President Donald Trump's speeches to make profitable bets on the prediction market Kalshi. The settlement also imposes a three-year trading ban on Perez, who was previously placed on unpaid leave from his White House position. AI

RANK_REASON Regulatory settlement for an individual using non-public information for personal gain on a prediction market.

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

Ex-White House staffer fined $65K for insider trading on prediction market

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Collin Binkley, The Associated Press ·

    Former White House teleprompter operator must turn over more than $100,000 in profits and pay a $65,000 fine in insider trading settlement

    The settlement with the Commodity Futures Trading Commission, announced Friday, also dealt Gabriel Perez a three-year trading ban.

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