Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Donald Trump placed teleprompter operator Gabriel Perez on unpaid administrative leave over speech-related bets. CFTC investigators alleged Perez wagered on at least 12 speeches across three months.
The allegations concern potential access to advance information in speech-based prediction 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 investigation concerns a presidential aide’s trading on speech-related 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.