Kalshi says it caught Trump’s teleprompter operator insider trading

ABC News reports that federal investigators believe Gabriel Perez, Donald Trump’s longtime teleprompter operator, used advance knowledge of speeches to place bets on Kalshi. The alleged activity involved mentions markets, where users wager on whether specific words or topics will appear during high-profile events.

The case highlights how prediction markets can be vulnerable to information asymmetry when participants have privileged access to event outcomes. As platforms like Kalshi expand into politics and real-time public events, they may face growing pressure to strengthen surveillance, compliance, and insider-trading safeguards.