Gabriel Perez, a former teleprompter operator for the White House, has agreed to a settlement with the Commodity Futures Trading Commission (CFTC) following allegations of insider trading. The commission found that Perez utilized his access to non-public information—specifically regarding upcoming presidential remarks—to place profitable wagers on the prediction market platform Kalshi.

Under the terms of the settlement, Perez is required to forfeit more than $100,000 in profits earned from these trades and pay an additional $65,000 civil penalty. Furthermore, the agreement imposes a three-year ban on Perez, prohibiting him from engaging in any trading activities regulated by the CFTC. The incident came to light after reports surfaced regarding his betting activity, leading to his placement on unpaid leave from his White House position.

The CFTC’s action highlights ongoing regulatory scrutiny regarding the intersection of political prediction markets and the potential for individuals with sensitive information to exploit those platforms for financial gain. While the settlement concludes the immediate regulatory action against Perez, the case underscores the challenges federal agencies face in monitoring market integrity when participants have access to government-held information.