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White House teleprompter operator on unpaid leave after alleged bets on Trump speeches

World · 2 min · 4h ago · BBC, NPR +2
White House teleprompter operator on unpaid leave after alleged bets on Trump speeches
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President Trump’s longtime teleprompter operator was placed on unpaid administrative leave after the prediction market Kalshi flagged suspicious trades on Trump’s speeches, the White House confirmed Thursday.

© AP Photo/Erin Hooley, File

Shortly before Thursday’s White House press briefing, ABC News reported that Gabriel Perez, who was first hired by Trump in 2016, is in settlement talks with the Commodity Futures Trading Commission (CFTC) over allegations that he used inside knowledge about the president’s remarks to place wagers on Kalshi.

“The individual that was cited in that report is complying with the CFTC and has been placed on administrative leave,” White House press secretary Karoline Leavitt told reporter.

Leavitt said Trump had been made aware of the situation, adding that another teleprompter operator will handle Trump’s primetime address to the nation later Thursday.

“He believes it is deeply unfortunate and, frankly, a disgrace,” she said.

It comes as prediction markets face intense scrutiny over insider trading, including by government and military officials.

“There are very strict ethical guidelines that explicitly state not to do this,” she added. “And the White House counsel’s office makes that clear to all of us who sign up to work in government on behalf of the president.”

A source familiar confirmed to The Hill earlier Thursday that Perez is cooperating with the CFTC, which oversees prediction markets.

Kalshi said its surveillance, as well as some market makers, flagged trades in mention markets related to public statements by Trump that didn’t follow the normal pattern of buying and selling.

Mention markets allow users to place wagers on whether someone will say a particular word or phrase. The markets in this case involved common words, such as country names, economic words, general political topics, campaign phrases and social issues, according to Kalshi.

Read more in a full report at TheHill.com

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Senate passes resolution saying Bankman-Fried shouldn’t receive pardon

© Mary Altaffer, Associated Press file

The Senate unanimously passed a resolution Wednesday declaring that FTX founder Sam Bankman-Fried should not receive a pardon.

Bankman-Fried, who was sentenced to 25 years in prison on fraud charges tied to the collapse of his cryptocurrency exchange, officially requested a pardon from the Trump administration in early June.

The resolution, which cleared the upper chamber via unanimous consent, marks a notable rebuke of the disgraced crypto executive. It was put forward by a bipartisan duo involved in negotiations on a crypto regulation bill, Sens. Ruben Gallego (D-Ariz.) and Cynthia Lummis (R-Wyo.).

“It should not be considered controversial to say that someone like Sam Bankman-Fried — a fraudster who was convicted by a unanimous jury — should not be allowed to walk away scot-free,” Gallego said in a statement.

“That’s exactly what the Senate affirmed when they passed my resolution,” he continued. “Bankman-Fried stole billions from hardworking Americans. He’s a criminal who deserves to stay locked up.”

The FTX founder was considered one of the industry’s central players before his exchange collapsed in late 2022. He was later found guilty on various fraud and conspiracy charges for illegally using customer funds to bankroll his own lifestyle.

Read more in a full report at TheHill.com

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