The federal agency that regulates prediction markets is investigating President Donald Trump’s longtime teleprompter operator for potential insider trading, according to two sources familiar with the matter.
The sources said White House employee Gabriel Perez made trades on the prediction site Kalshi that were flagged for possible insider activity. The trades were on “mention markets,” where users can bet on which words and phrases that public figures, including Trump, will say at speeches and events.
Kalshi referred its findings to the Commodity Futures Trading Commission, the federal agency that regulates prediction markets. One of the sources said Perez made more than $90,000 in profits from the trades in question, but the profits have been frozen.
“Our surveillance team promptly flagged and referred these trades to the CFTC, and we are cooperating and assisting regulators,” Kalshi’s head of enforcement, Robert DeNault, said in a statement.
Perez has cooperated with the CFTC investigation, according to one of the sources.
