Kalshi Referred White House Aide's $100,000 Trump Speech Bets to CFTC
Updated
Updated · The New York Times · Jul 16
Kalshi Referred White House Aide's $100,000 Trump Speech Bets to CFTC
3 articles · Updated · The New York Times · Jul 16
Summary
$100,000 in alleged profits prompted Kalshi to refer White House teleprompter operator Gabriel Perez to the CFTC over bets on words in President Trump's speeches.
March surveillance alerts flagged Perez's trades, leading Kalshi to freeze his account funds and accuse him of using advance knowledge from his technical role.
Perez is discussing a settlement with federal regulators and has been cooperative, according to a person familiar with the talks, while the CFTC declined to confirm or deny an investigation.
The case adds to mounting scrutiny of prediction markets such as Kalshi and Polymarket, where regulators and platforms are confronting alleged insider trading as the sector grows rapidly.