- Gabriel "Gabe" Perez, a teleprompter operator for President Donald Trump, has been placed on unpaid administrative leave amid allegations of insider trading.
- Perez is accused of winning over $100,000 by betting on the content of Trump's speeches using his advance knowledge on the prediction market platform Kalshi.
- The Commodity Futures Trading Commission (CFTC) is investigating Perez after Kalshi reported suspicious activity, and Perez has reportedly acknowledged some of the trades.
- Trump's press secretary confirmed Perez's leave and compliance with the CFTC, stating that Trump found the situation "deeply unfortunate and frankly a disgrace."
- The incident underscores broader concerns among regulators and lawmakers regarding insider trading in prediction markets, leading to discussions about new legislation and internal warnings within the White House.
IN FULL
