Former White House teleprompter operator ordered to turn over profits, pay fine over insider trading
Summary
A former White House teleprompter operator, Gabriel Perez, was ordered to give back over $100,000 in profits and pay a $65,000 fine after using early access to President Trump’s speeches to place bets on a prediction market. He also received a three-year ban from trading as part of a settlement with federal regulators.Key Facts
- Gabriel Perez was a teleprompter operator at the White House.
- He used insider knowledge of President Trump’s speeches to bet on prediction markets.
- Perez made $107,500 betting on words and phrases in Trump’s speeches between December 2025 and February 2026.
- The Commodity Futures Trading Commission (CFTC) reached a settlement with Perez.
- Perez must return all his profits and pay a $65,000 fine.
- He faces a three-year ban from trading in markets regulated by the CFTC.
- Perez was placed on unpaid leave and later left his White House position.
- The White House described the situation as “unfortunate” and a “disgrace.”
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