White House teleprompter operator who placed bets on Trump’s speeches ordered to pay $172K
The White House teleprompter operator who placed online bets on President Trump’s speeches has been ordered to pay a total of $172,000, a federal agency said Friday. The Commodity Futures Trading Commission (CFTC) said in a news release that Gabriel Perez must pay out his profits from trade, totaling $107,539.02, in addition to a civil...
A White House teleprompter operator has been ordered to pay $172,000 by the Commodity Futures Trading Commission (CFTC). Gabriel Perez used inside knowledge gathered through his work to place bets on Donald Trump's speeches on an online prediction market called Kalshi. The CFTC said Perez exploited "material, nonpublic information" for his personal benefit.
According to the CFTC, Perez must pay out his profits from trading, totaling $107,539.02, in addition to a civil penalty. The teleprompter operator had left his post amid accusations that he used his position to make informed bets.
The case was announced by the CFTC in a news release on Friday. No further details were provided about Perez's actions or the investigation.
Brief written by urgent.news from The Hill, The Guardian US, Egypt Independent — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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