Legal
Trump teleprompter operator who allegedly won over $100,000 on prediction markets no longer works for
Gabriel Perez, Trump's longtime teleprompter operator, allegedly used inside knowledge to win more than $100,000 on prediction markets and no longer works for the government. The article does not name which prediction market platform Perez used.
Why this matters?
An insider-trading case involving a government employee and prediction markets raises the regulatory temperature around event-contract platforms. It could accelerate CFTC or congressional scrutiny of how platforms police material nonpublic information, especially on politically sensitive markets.
The bigger picture
Second insider-trading action this week involving a government employee trading prediction markets, after the White House suspended the teleprompter operator.
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