Kalshi says it caught Trump’s teleprompter operator insider trading
A White House teleprompter operator, Gabriel Perez, is under investigation for allegedly using inside information to place profitable bets on prediction market Kalshi. Perez reportedly won over $100,000 by betting on specific phrases President Trump would use during public speeches.
Why it matters
This case highlights the growing regulatory challenges and ethical concerns surrounding the intersection of political events and prediction markets.
Kalshi users betting on what President Donald Trump would say during his speeches were reportedly up against tough competition: the president’s teleprompter operator.
ABC News reports that federal investigators believe Gabriel Perez — Trump’s teleprompter operator since 2016 — used inside information to make bets on Kalshi, a major prediction market platform that allows users to bet on just about everything. One category that Kalshi offers is “mentions” markets, in which users try to predict what an individual will say during high-profile events.
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