White House teleprompter operator investigated over Kalshi trades
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What happened
Federal regulators are investigating Gabriel Perez, a longtime White House teleprompter operator for President Donald Trump, over allegations that he used advance knowledge of prepared presidential remarks to trade on Kalshi prediction-market “mention markets,” including around the February State of the Union. Axios, NPR and the BBC report that Perez allegedly made roughly $100,000 or more than $100,000 in winning trades, while Kalshi says it flagged the activity, froze the account and referred evidence to the Commodity Futures Trading Commission. The White House has said Perez is cooperating; NPR and the BBC report he is on unpaid administrative leave, and the BBC reports the White House said he would no longer work there. ABC News, cited by the other outlets, reported that federal prosecutors in Manhattan declined to open a criminal case, while the CFTC has not confirmed or denied an investigation.
BLINDSPOT.
Only left-leaning outlets are covering this story
— the other side's media is silent.
Omitted — what each side leaves out
Unpacked
Left-leaning coverage reports a narrow but serious allegation: Gabriel Perez, Trump’s longtime White House teleprompter operator, is under CFTC scrutiny for allegedly using access to prepared remarks to win nearly $100,000 on Kalshi “mention markets,” where traders bet on whether Trump will say particular words. NPR gives the fullest version: it says regulators are in “settlement talks” with Perez, Kalshi detected “unusual betting,” froze about $90,000, banned him, and that a March White House memo warned staff that using nonpublic government information on Kalshi or Polymarket “is a criminal offense.” BBC carries some facts NPR does not: sources said Perez has been “fully cooperative” with the CFTC; ABC said federal prosecutors in Manhattan “declined to open a criminal case”; and Karoline Leavitt said he “would no longer work at the White House.” NPR instead says it is “not clear if the Department of Justice is examining the case” and describes him as “currently on unpaid administrative leave,” while also quoting Leavitt calling the alleged actions “a disgrace.” The outlets also frame the money slightly differently: NPR says Perez is “alleged to have made nearly $100,000” and that Kalshi froze “about $90,000 of Perez’s profits,” while BBC says the account was frozen “before any profits could be withdrawn.” NPR emphasizes the wider prediction-market ecosystem, including more than $800,000 already wagered on Trump’s Thursday address and examples involving an Army special forces soldier, a Google engineer, and George Santos; BBC keeps the focus tighter on Perez and Kalshi. Right-leaning outlets had not covered this as of publication, so their readers are missing both the allegation and the unresolved enforcement picture: if prosecutors declined a criminal case, what settlement terms, penalties, or employment consequences are actually on the table?
Bottom line
NPR supplies the broader Kalshi context and White House memo, while BBC adds the key prosecutorial detail that Manhattan federal prosecutors “declined to open a criminal case.” The biggest gap is that no account pins down what happens next to the frozen roughly $90,000 or to Perez beyond leave or departure.
The Left View
Axios frames the story around prediction-market insider-trading concerns, reporting that the CFTC is investigating whether Perez traded on nonpublic knowledge of Trump’s prepared speech text and that settlement talks could require him to return profits. NPR emphasizes that this appears to be the first known case of someone inside the White House being investigated for allegedly abusing access to profit from prediction markets, and adds context about a March White House memo warning staff not to use nonpublic government information on Kalshi or Polymarket. The BBC focuses on the core allegation that Perez used inside information to bet on words Trump would say, notes that Kalshi says its surveillance detected unusual activity in March, and reports that more than $90,000 was frozen before withdrawal. Across the coverage, Kalshi presents the case as evidence that its monitoring system worked, the White House describes the conduct as unacceptable and says Perez cooperated, and prosecutors reportedly have not pursued criminal charges.
Our Take (balanced)
This is a substantive story, not a manufactured one. The alleged conduct involves a White House employee using privileged access to presidential remarks to trade in federally regulated prediction markets, and it sits at the intersection of government ethics, market integrity and the fast-growing political-betting industry. Right-leaning media is likely ignoring it because the framing is inconvenient: it reflects poorly on the Trump White House and undercuts conservative-friendly enthusiasm for prediction markets, even though the accused person is a staff operator rather than a senior policymaker and no criminal case has been opened. Readers should watch for whether the CFTC reaches a settlement, whether Perez is ordered to disgorge profits or faces a trading ban, whether the White House tightens enforcement of its memo, and whether Kalshi or regulators disclose broader rules for “mention markets” tied to government insiders.
4 sources
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- White House teleprompter operator accused of making $100k from Trump speech bets
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