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🇬🇧 United Kingdom /Crime & Justice

Ex-White House teleprompter operator fined $172,000 for betting on Trump speeches

From The Guardian · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Outcome reported
  • Gabriel Perez, a former White House teleprompter operator, was fined $172,000 by the Commodity Futures Trading Commission (CFTC).
  • Perez used "material, nonpublic information" from his job to place bets on the Kalshi prediction market regarding President Trump's speeches.
  • The CFTC stated Perez exploited his position for personal financial gain.

A former White House teleprompter operator has been hit with a $172,000 fine for exploiting his position to bet on the content of Donald Trump's speeches. Gabriel Perez used insider knowledge gained from his role to wager on an online prediction market, according to federal regulators.

The Commodity Futures Trading Commission (CFTC) announced the fine, stating that Perez wagered on the Kalshi platform. He allegedly used "material, nonpublic information" obtained through his work for the president to place bets for his own financial benefit. The operator left his White House post amid accusations related to these activities.

Regulators emphasized that Perez's actions constituted an exploitation of his privileged access to information. The fine underscores the risks associated with using non-public data for personal gain, even in seemingly unconventional prediction markets. The case highlights a unique intersection of technology, politics, and financial regulation.

About this summary

Originally published by The Guardian in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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