The Prediction Market's Red Flag
Gabriel Perez, who operated President Trump's teleprompter, is being investigated by federal regulators. The prediction market Kalshi flagged his trades as suspicious to the CFTC.
Betting on Speeches?
Kalshi's internal review suggests Perez earned over six figures by betting on whether Trump would mention specific words or topics during his speeches between December 2025 and March 2026.
The Investigation and Fallout
Kalshi froze much of Perez's profits after flagging his trades. The White House confirmed an operator was placed on unpaid leave, though they did not name him.
Settling the Claims
Perez, who has worked for Trump since 2016, is reportedly in discussions with regulators to resolve the allegations. This case raises questions about the integrity of information access.
