It's the first known instance of officials investigating suspected insider trading on a prediction market from inside the White House.
A technical assistant to President Trump won around $100,000, according to the prediction market, which flagged the activity to the federal government.
Federal regulators are investigating whether a White House teleprompter operator capitalized on his knowledge of President Trump's prepared speech text by making trades on the prediction market Kalshi, according to two sources familiar with the matter. The speeches the person allegedly traded on included the State of the Union in February.Why it matters:…
Karoline Leavitt calls apparent bets on Kalshi prediction platform ‘deeply unfortunate and frankly a disgrace’Donald Trump’s longtime teleprompter operator has been placed on administrative leave, the White House said on Thursday, after reports that he used his position to win $100,000 by placing bets on the president’s speeches using the online prediction…
A White House staffer has been accused of using inside knowledge of speeches to make nearly $100,000 on Kalshi.
A longtime White House technical assistant who has operated President Trump's teleprompter since his historic 2016 campaign has been suspended after allegedly running a lucrative insider betting scheme. The post Longtime White House Teleprompter Operator Suspended Amid Shocking Allegations of Profiting Off President Trump’s Speeches on Prediction Market…
