White House teleprompter operator investigated for alleged insider trading

A White House teleprompter operator, Gabriel Perez, is currently under federal investigation for alleged insider trading on the prediction market site Kalshi. Perez is accused of using his advance knowledge of President Trump's prepared remarks to place bets on "mention markets," where participants wager on specific words or phrases the president will use in his public speeches.

Sources indicate that Perez allegedly made nearly $100,000 in profits from these activities, which Kalshi's surveillance systems detected as unusual and subsequently froze. The Commodity Futures Trading Commission (CFTC) is now in settlement talks with Perez, who has been placed on unpaid administrative leave by the White House.

This case represents the first known instance of a White House employee being investigated for exploiting prediction markets through insider information. The White House had issued a memo earlier this year, reminding staff that misusing non-public government information for financial gain constitutes a serious offense.