A helicopter from Marine Helicopter Squadron One, or HMX-1, flies past the White House after President Donald Trump arrived at the Ellipse near the White House, Friday, Aug. 28, 2026, in Washington, on return from Houston. (AP Photo/Jacquelyn Martin)
\n\nWASHINGTON (AP) — A former White House teleprompter operator accused of using inside knowledge to make bets on the prediction market Kalshi has been ordered to turn over more than $100,000 in profits and pay a $65,000 fine as part of a settlement with federal authorities.
\n\nThe settlement with the Commodity Futures Trading Commission, announced Friday, also dealt Gabriel Perez a three-year trading ban. Perez was placed on unpaid leave from his job at the White House after reports emerged that he used his position to make bets on what President Donald Trump would say in speeches.
\n\nThe White House did not immediately comment on the settlement. A White House official said in July that Perez was no longer in his position but did not say if he had been fired or resigned.
\n\nThe commission found that Perez made $107,500 on prediction markets by betting on words and phrases that would appear in Trump’s speeches between December 2025 and February 2026.
Original source: https://apnews.com/business