Feed / Enforcement & compliance
By SectorWire desk ·
The report said that CFTC is investigating Kalshi trading involving White House teleprompter operator Gabriel Perez. Media reports said Perez won about $100,000 betting on presidential remarks and that President Donald Trump suspended him.
The investigation concerns a presidential aide’s trading on speech-related contracts.
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The CFTC sanction combines a fine, profit surrender and a three-year trading ban for betting on presidential speech content.
The investigation examines alleged misuse of non-public information in speech-related event contracts.
The allegations concern potential access to advance information in speech-based prediction contracts.
The settlement requires Perez to surrender trading gains and bars him from trading for three years over alleged misuse of confidential government information.
The suspension follows allegations of prediction-market trading using advance access to presidential comments.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.