Trump aid who bet on the president’s speeches no longer works for the government

Prediction Markets

One of President Donald Trump’s longest-serving aides is out of a job weeks after he was revealed to have used inside knowledge to make a fortune off what the president would say.

A White House official tells Politico that Gabriel Perez, who profited more than $100,000 on the prediction market Kalshi in Trump’s second term, no longer works for the federal government.

The report did not specify whether Perez, who was making an annual salary of $175,000 at the White House, was fired or simply resigned.

Perez was Trump’s teleprompter operator as far back as 2016 and was often the last set of eyes on the president’s remarks before he took to the podium. It was reported on July 16 that Perez spoke with federal regulators to settle allegations that he successfully wagered on what Trump would say in public remarks like his State of the Union address.

A federal probe into Perez’s trading was launched after Kalshi flagged unusual activity on its “Mentions” market, where gamblers bet on whether specific topics or phrases are said during a public address.

The prediction market then informed its regulator, the Commodity Futures Trading Commission, sparking an investigation over potential insider trading.

Kalshi had previously banned users from making bets based on information from their work, but has since updated its policies to require users to also disclose their place of employment when they sign up.

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