Kalci says he caught Trump teleprompter operator insider trading

Kalshi users who bet on what President Donald Trump will say during his speeches are said to face stiff competition: the president’s teleprompter operator.

ABC News Reports Federal investigators believe Gabriel Perez — the operator of Trump’s teleprompter since 2016 — used inside information to bet on Kalshi, a major predictive market platform that allows users to bet on almost everything. One category Kalshi offers is “dhikr” markets, where users try to predict what an individual will say during high-profile events.

Perez is accused of betting on what Trump would say during more than a dozen events, including his State of the Union address in February, the Medal of Honor ceremony, and his remarks at the World Economic Forum, according to the British Daily Mail. ABC News. In total, Perez reportedly won over $100,000 over Calci. Trump is scheduled to deliver another speech on Thursday night, where he will reportedly focus on election integrity; Calci has several listed markets where users bet on what he will say and how long he will speak.

“Our monitoring team immediately reported these trades and referred them to the CFTC after conducting an investigation at the exchange,” Robert Denault, head of execution at Calci, said in an email statement. Edge. “We have charged this person and are assisting the regulators in this matter and have provided the evidence we have collected, as we would in any referral.”

Kalci did not officially respond to questions about other bettors who bet in these markets and whether they would get their money back. Zach Fulton, spokesperson for the Commodity Futures Trading Commission (CFTC). Supervises prediction marketsThe agency said it could neither confirm nor deny any investigation.

according to ABC Newsthe CFTC and Perez discussed how to settle the case, including that Perez return his profits and not make similar trades in the future. Federal prosecutors refused to open a criminal investigation, ABC News Reports.

Last month, like nothing Implemented rules Which requires users to disclose employment information before they can bet on “markets with increased risk of insider or manipulation.”