Trump Teleprompter Operator Faces Scrutiny Over Kalshi Prediction Market Bets
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Federal regulators are probing allegations that longtime White House teleprompter operator Gabriel Perez used advance access to President Trump’s prepared speeches to earn more than $100,000 trading on Kalshi’s speech-related prediction markets across more than a dozen events including the State of the Union, a WEF address and a Medal of Honor ceremony. The inquiry highlights security and regulation risks for prediction markets and crypto-adjacent platforms, threatening adoption and market integrity as authorities review whether government employees can exploit confidential information for financial gain.
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Federal regulators are examining allegations that a longtime White House teleprompter operator used advance knowledge of President Donald Trump’s prepared speeches to profit from prediction market wagers. Investigators believe Gabriel Perez earned more than $100,000 by placing trades on Kalshi’s speech-related markets over several months.
The inquiry has intensified concerns about insider information on regulated prediction platforms. Consequently, regulators continue reviewing whether government employees can exploit confidential information for financial gain before public events unfold.
Investigation Centers on Speech-Based Wagers
Authorities found that Perez allegedly placed bets on more than a dozen Trump speeches, including the State of the Union, the World Economic Forum address, and a Medal of Honor ceremony. Besides placing wagers before speeches, investigators…
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Predictions Markets
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Predictions Markets
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