Teleprompter operator allegedly made Kalshi bets on Trump statements; CFTC investigating
Kalshi flagged the trades and froze about $90,000 in profits as regulators weigh a settlement that could bar similar bets.
- A longtime White House teleprompter operator has been placed on unpaid leave following federal allegations that he used advance knowledge of President Trump's speeches to make over $100,000 on online prediction markets.
- Gabriel Perez, who has managed Trump's teleprompter since 2016, is under investigation by the Commodity Futures Trading Commission for utilizing draft speeches to place wagers on the platform Kalshi.
- The bets targeted Kalshi’s "Mentions" market, where users wager on whether a public speaker will use specific words, phrases, or topics. Perez allegedly bet on more than a dozen addresses, including the State of the Union, a Davos summit speech, and a Medal of Honor ceremony.
- Perez reportedly monitored and adjusted his bets in real time during live broadcasts, sometimes exiting positions early when Trump deviated from the prepared teleprompter text to go off-script.
- The activity was flagged by Kalshi's internal surveillance team, which subsequently froze his account, secured roughly $90,000 to $100,000 in trading profits, and referred the case to federal regulators.
102 Articles
102 Articles
The operator of Trump's telepromptor would have bet on statements from the president.
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