CFTC Fines White House Aide $172,000, Bars 3 Years for Insider Kalshi Bets
Updated
Updated · NBC News · Aug 29
CFTC Fines White House Aide $172,000, Bars 3 Years for Insider Kalshi Bets
3 articles · Updated · NBC News · Aug 29
Summary
$172,539 in disgorgement and penalties was ordered against Gabriel Perez, a White House teleprompter operator accused of using advance access to Trump speeches to trade on Kalshi prediction markets.
The CFTC said Perez used material, nonpublic information to buy presidential mention contracts tied to words or phrases Trump might use, calling the case insider trading.
Perez must surrender $107,539.02 in profits, pay a $65,000 civil penalty and stay off prediction markets for three years; the agency cited his exemplary cooperation.
Kalshi said its surveillance team detected the activity and assisted the investigation, while the White House had already put Perez on leave in July and said he would no longer work there.