Gabriel Perez, a former White House teleprompter operator, must disgorge $107,539.02 in profits made on prediction markets between December 2025 and February 2026. The Commodity Futures Trading Commission found that he traded contracts based on the likelihood that the president would use specific words or phrases while having advance access to the speech texts. The regulator determined that Perez misappropriated material nonpublic information in breach of his duty of trust and confidence. The settlement also imposes a $65,000 civil penalty and a three-year trading ban, with the penalty reduced due to his cooperation. Exchange Kalshi flagged and referred the suspicious trades to the CFTC.
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