Secret betting on Trump's speeches takes decisive turn, staffer slapped with stiff penalty

The Trump administration settled the case on August 28, ordering former teleprompter operator Gabriel Perez to pay $172K for insider trading
A White House teleprompter operator was suspended for using advance knowledge of President Donald Trump's speeches to place profitable prediction-market bets (Chip Somodevilla/Getty Images)
A White House teleprompter operator was suspended for using advance knowledge of President Donald Trump's speeches to place profitable prediction-market bets (Chip Somodevilla/Getty Images)

WASHINGTON, DC: The matter of President Donald Trump’s teleprompter operator betting on his speeches on betting apps has taken a decisive turn as the former Trump staffer has been ordered to pay an eye-popping penalty for the misconduct.

White House teleprompter operator Gabriel Perez was suspended for using his advance knowledge of President Donald Trump's speeches to place profitable bets on the prediction platform Kalshi.



Trump's former staffer slapped with $172K penalty

The Trump administration settled the insider-trading case on Friday, August 28, ordering Perez to pay a $172K penalty.

The total amount of $172,000 includes the profits he made, $107,539.02, along with a civil penalty of $65,000.

The Commodity Futures Trading Commission (CFTC) took action against Perez after the gambling website Kalshi reported unusual activity to its regulator.



The CFTC said Gabriel Perez used “material, nonpublic information” gained through his job to place “trades” on a prediction market.

The Commission on Friday issued a press release saying that it had settled the matter with Perez, who had worked for Trump since 2016 until his wagers became public this year.

“Under the order, Perez must disgorge the profits he made from his unlawful trading totaling $107,539.02 and pay a civil monetary penalty of $65,000, representing a substantial discount under the Division of Enforcement’s new cooperation advisory because of Perez’s exemplary cooperation with the CFTC,” the statement said.

President Donald Trump arrives at an event at the Red Rock Resort in Las Vegas, Wednesday, Aug. 5, 2026. (AP Photo/John Locher)
President Donald Trump arrives at an event at the Red Rock Resort in Las Vegas, Wednesday, August 5, 2026. (AP Photo/John Locher)

“Perez agreed to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations. Under the order, a three-year trading ban is imposed on Perez,” the statement further read.

Gabriel Perez placed bets on several Trump speeches

Perez used the Kalshi app to place bets on “more than a dozen” of Trump’s speeches. Perez hauled in more than $100,000 in the site’s “Mentions” market, where bettors can place wagers on whether particular words, phrases, or topics will be mentioned in a given public speech.

Trump’s several popular speeches, including the State of the Union address, an address at the World Economic Forum in Davos in January, and a Medal of Honor ceremony in March, were part of Perez's bets during the three months.

CHICAGO, ILLINOIS - FEBRUARY 25: In this photo illustration, An app for Polymarket, an online prediction market site, is shown on February 25, 2026 in Chicago, Illinois. Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events. (Photo Illustration by Scott Olson/Getty Images)
Online prediction market platforms allow people to place bets on wide-ranging subjects (Scott Olson/Getty Images)

The trades were made through Kalshi, which the CFTC noted cooperated with the investigation.

“A Kalshi surveillance investigation caught a White House staffer engaging in prohibited trading activity. Today this individual was subjected to penalties by the CFTC and by our exchange,” Bobby DeNault, Kalshi’s lead lawyer, said in a post on social media platform X.

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