The Trump administration settled an insider-trading case Friday against President Donald Trump’s longtime teleprompter operator, fining him $65,000 for “unlawful” prediction-market trades about Trump’s speeches.
The White House aide, Gabriel Perez, will also give up $107,000 in ill-gotten profits from his trades on Kalshi, according to the Commodity Futures Trading Commission, the federal agency that regulates prediction sites.
The CFTC said even though Perez “owed a duty of trust and confidentiality to the US government” and “breached these duties,” he received a “substantial discount” on the fine because of his “exemplary cooperation” with the probe.
CNN reported in July that the CFTC was investigating Perez. The White House said at the time that Trump thought his actions were “frankly a disgrace” and that he’d be on unpaid leave during the inquiry.
The White House didn’t immediately respond to a request for comment Friday night.
