business βοΈ Ex-White House Staffer Fined for Insider Trading
A former White House teleprompter operator was ordered to pay a fine and return profits for insider trading. Gabriel Perez, who worked at the White House, was involved in bets on the prediction market Kalshi. The commission found he made $107,500 by betting on phrases from Trump's speeches between December 2025 and February 2026. This action was deemed a breach of his duty of trust and confidence by accessing pre-speech information. He also received a three-year trading ban as part of the settlement with federal authorities. πΈ