Federal officials probe whether White House teleprompter profited off Trump's words
Federal regulators are investigating a White House teleprompter operator for allegedly using insider access to profit from prediction market bets on President Trump's speeches. This marks the first instance of a federal employee being probed for abusing internal access for financial gain on 'mention markets'.
Why it matters
The case raises significant ethical and regulatory questions regarding the intersection of government access and the rapidly growing prediction market industry.
Federal regulators are in settlement talks with President Trump's longtime teleprompter operator, who is alleged to have made nearly $100,000 on the prediction market site Kalshi, according to two people with knowledge of the probe who were not authorized to speak publicly.
He is suspected of profiting off of his access to the president's prepared remarks on a type of betting on Kalshi known as "mention markets," where people wager on words and expressions the president will or will not say during public events.
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