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International Business Times UK
International Business Times UK
Stephanie Cruz

Trump Aide Turned His Boss's Speeches Into $100K Winnings: President Calls Betting Scheme a 'Disgrace'

Gabriel Perez Donald Trump White House Kalshi CFTC
President Trump speaks from a teleprompter, the device at the heart of a federal insider-trading inquiry into the aide who controlled it. (Credit: Ali Shaker/VOA, Public domain, via Wikimedia Commons)

A White House teleprompter operator has been placed on unpaid leave after federal regulators accused him of winning more than $100,000 (£75,000) by betting on the contents of Donald Trump's speeches. The president called the alleged conduct 'deeply unfortunate and frankly a disgrace,' his press secretary said.

The operator is Gabriel Perez, a technical assistant who has run Trump's teleprompter since the 2016 campaign. Investigators at the Commodity Futures Trading Commission (CFTC), the agency that regulates prediction markets, believe he used advance sight of the president's words to place winning bets on the platform Kalshi.

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