Gabriel Perez Leaves Federal Job After $100,000 Trump Speech Bet Allegations

3 articles · Updated · The Guardian · Jul 28

Gabriel Perez, the White House teleprompter operator accused of using advance knowledge of Trump speeches to trade on Kalshi, no longer works in the federal government, a White House official said Tuesday.
Earlier this month, the White House put Perez on unpaid leave after ABC News reported he won more than $100,000 betting on words and phrases Trump would use, more than half his $175,000 salary.
Kalshi said its surveillance team flagged the trades and referred them to the Commodity Futures Trading Commission; the platform now requires users to disclose their employer and bars bets based on job-derived information.
The case lands as prediction markets boom: Kalshi's trading volume has jumped from $100 million last year to $3 billion, drawing fresh scrutiny over insider trading and whether the business is regulated finance or gambling.