Former White House teleprompter operator Gabriel Perez has been fined $172,000 for using insider knowledge to place bets on prediction markets regarding President Donald Trump's speeches. According to a settlement with the Commodity Futures Trading Commission (CFTC), announced Friday, Perez was ordered to return over $107,500 in unlawful trading profits and pay a $65,000 fine. Additionally, he received a three-year ban from participating in any trading activities.
Key Takeaways
Former White House teleprompter operator Gabriel Perez was fined $172,000 for using insider knowledge to bet on prediction markets regarding President Trump's speeches. He was ordered to return over $107,500 in profits and pay a $65,000 fine, along with a three-year trading ban. The Commodity Futures Trading Commission found that Perez misappropriated information about presidential speeches between December 2025 and February 2026.
- Gabriel Perez fined $172,000 for insider trading on prediction markets
- Ordered to return over $107,500 in profits and pay a $65,000 fine
- Three-year trading ban imposed by the Commodity Futures Trading Commission
- Perez misappropriated information about presidential speeches between December 2025 and February 2026
- White House warned staff against participating in prediction markets
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▼Source Claims Check
High ConsensusAll 3 publishers report consistent facts across 4 key claims.
| Claim | Status | Reason | |
|---|---|---|---|
| Fine Amount | Broad Agreement | $172,000 fine imposed on Perez | |
| Profits To Be Returned | Broad Agreement | $107,529 in profits to be returned by Perez | |
| Trading Ban Duration | Broad Agreement | Three-year trading ban imposed on Perez | |
| Time Period Of Misappropriation | Broad Agreement | Between December 2025 and February 2026 |
Fine Amount
Broad Agreement$172,000 fine imposed on Perez
Profits To Be Returned
Broad Agreement$107,529 in profits to be returned by Perez
Trading Ban Duration
Broad AgreementThree-year trading ban imposed on Perez
Time Period Of Misappropriation
Broad AgreementBetween December 2025 and February 2026
This analysis is AI-generated and may not perfectly represent each source's reporting. Always read the original articles for full context.
Perez made the bets on the prediction market platform Kalshi between December 2025 and February 2026 while working as a teleprompter operator for the White House. The CFTC found that Perez had access to presidential speeches prior to their delivery and misappropriated this information to trade in 'presidential mention market contracts,' generating over $107,500 in profits.
Perez was placed on unpaid leave from his job at the White House after reports emerged of his actions. The White House did not immediately comment on the settlement. A White House official said in July that Perez was no longer in his position but did not specify whether he had been fired or resigned. As details emerged on July 16, then-White House Press Secretary Karoline Leavitt described the incident as 'unfortunate' and 'a disgrace.'
The CFTC noted that the $65,000 civil penalty was reduced due to Perez's 'exemplary cooperation.' Earlier this year, the White House warned staff against participating in prediction markets. A White House spokesperson told ABC News that the administration has strict ethics guidelines that all staffers and officials are expected to follow.
How this summary was created
This summary synthesizes reporting from 3 independent publishers using AI. All sources are cited and linked below. NewsBalance is a news aggregator and media literacy tool, not a news publisher. AI-generated content may contain errors or inaccuracies — always verify important information with the original sources.