Kalshi hands over Trump’s tele... Note
Fast Company

Kalshi hands over Trump’s teleprompter operator to the feds. Here’s why

President Donald Trump's teleprompter operator has been placed on unpaid leave following reports of alleged insider betting. The operator reportedly used knowledge of Trump's speeches to profit on a prediction market called Kalshi. Kalshi alerted federal regulators to suspicious trades, according to its enforcement chief. White House press secretary Karoline Leavitt confirmed the aide's unpaid leave and described the situation as unfortunate and a disgrace. The teleprompter operator, Gabriel Perez, is reported to have won over $100,000 through these bets. Kalshi is cooperating with regulators, providing all collected evidence. ABC News based its report on anonymous sources familiar with the matter. The prediction market's "Mentions" market allows bets on phrases and words in speeches. Kalshi now requires users to disclose their employment and prohibits job-related information for betting. This incident occurs amidst broader scrutiny of administration members profiting from the presidency. Trump's media company recently announced charges for premium access to Truth Social posts, including those impacting national security. Financial disclosures also show Trump profited significantly from crypto businesses while investors lost money. His businesses sold tokens and meme coins that have since depreciated in value. Trump's net worth has increased due to merchandising and events at his properties. The White House maintains that the president adheres to conflict-of-interest laws and denies accusations of him profiting from the presidency.
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