Gabriel Perez, President Trump's longtime teleprompter operator, allegedly made over $100,000 by betting on what Trump would say during public appearances.
According to an ABC News report, Perez used his advance access to Trump's scripts to place winning wagers on the prediction market Kalshi.
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The bets reportedly focused on whether Trump would mention specific words, phrases, or topics.
This occurred over a three-month period, including major events like the State of the Union and the World Economic Forum.
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Perez had access to last-minute edits from Trump himself, giving him an inside edge.
Investigators also found that he would withdraw bets mid-speech if Trump skipped the words he had wagered on.
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Kalshi flagged the suspicious trades to the Commodity Futures Trading Commission (CFTC).
The CFTC is reportedly discussing a settlement requiring Perez to surrender his profits and stop similar betting.
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The White House stated that Perez is cooperating with the CFTC. The prediction market prohibits users from betting based on information obtained through their jobs.
