White House aide investigated for insider trading on prediction market
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
News
Named sources
Under investigation
- A White House aide, Gabriel Perea, is under investigation for alleged insider trading on a prediction market using non-public information.
- Perea, who managed President Trump's teleprompter, was placed on unpaid leave after the president reportedly deemed the situation shameful.
- The case highlights concerns about the use of non-public government information for financial gain in prediction markets.
A White House aide responsible for President Donald Trump's teleprompter has been investigated for allegedly using non-public information to profit on a prediction market. Gabriel Perea, a presidential aide and technology advisor, is reportedly being probed by the U.S. Commodity Futures Trading Commission (CFTC) for insider trading on the Kalshi market.
White House spokesperson Karoline Leavitt confirmed Perea has been placed on unpaid leave, stating the president made the decision himself, viewing the situation as "shameful." Trump had previously praised Perea, calling him "the only one who can operate my teleprompter" and a trusted figure for a decade.
Perea has been placed on unpaid leave.
Prediction markets allow participants to bet on the occurrence or timing of political and social events, such as potential U.S. military strikes on Iran. This investigation raises questions about the integrity of such markets and the potential for misuse of sensitive government information.
He is the only one who can operate my teleprompter. He is a man I have trusted for 10 years.
DistantNews Editorial
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.
More Stories
From Our Blog
What Gets Lost (and Found) When News Is Translated
The Critical Role of Diaspora Media in Global News
What Travellers Should Know About Countries with Restricted Press
A Digital Nomad's Guide to Following Local News
How the Same Story Looks Different in Different Countries
