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CFTC sanctions Gabriel Perez over US prediction market trades
By SectorWire desk ·
Summary
Gabriel Perez, who previously operated White House teleprompters, settled CFTC charges concerning prediction market trading. The regulator alleged that he traded using confidential information about presidential speeches. Settlement terms require Perez to return $107,539.02, pay a civil penalty of $65,000 and stop trading for three years.
Why it matters
The settlement requires Perez to surrender trading gains and bars him from trading for three years over alleged misuse of confidential government information.