White House teleprompter operator accused of making $100k off Trump speech bets
12 minutes ago
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A White House teleprompter operator is being investigated over allegedly using inside information to place bets and make nearly $100,000 on US President Donald Trump’s speeches
Gabriel Perez, who had worked at the White House since 2016, is accused of placing bets on words the president would use during major public addresses, including the State of the Union speech
The trades were made on Kalshi, a prediction markets platform where users can bet on real-world events. The firm confirmed it reported the activity to the Commodity Futures Trading Commission (CFTC), which regulates the platform
Kalshi froze Perez’s account before any profits could be withdrawn, according to reports
The platform told the BBC its analysts noticed unusual betting on “mention markets” – contracts where users predict whether a speaker will use common terms, such as specific countries, economic words, or campaign slogans, in March
“The words of political leaders like Presidents and Fed chairs cause billions of dollars of movement in FX markets, oil futures, [and] the stock market,” Kalshi said
Using account data, the company found the user was a federal employee operating White House teleprompters
The exchange froze more than $90,000 before it could be withdrawn
Robert DeNault, Kalshi’s head of enforcement, said the firm flagged the trades and had handed evidence to regulators
White House press secretary Karoline Leavitt said President Trump was aware of the teleprompter operator and that staffer was now on unpaid leave, before adding Perez would no longer work at the White House
The story, first has been confirmed by the BBC’s US partner, CBS News
ABC said federal prosecutors in Manhattan declined to open a criminal case
When contacted by the BBC to confirm it was investigating, the CFTC said it could not “confirm or deny” any probe
Donald Trump
United States
