A White House staffer has been accused of using inside knowledge of speeches to make nearly $100,000 on Kalshi.
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…
It's the first known instance of officials investigating suspected insider trading on a prediction market from inside the White House.
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…
White House press secretary Karoline Leavitt said the teleprompter operator accused of placing bets on President Trump’s speeches has been put on administrative leave. “The individual that was cited in that report is complying with the CFTC and has been placed on administrative leave,” Leavitt told reporters at the White House press briefing on Thursday. …
"The Kalshi surveillance team promptly flagged, investigated and referred these trades."
A White House teleprompter operator allegedly made tens of thousands betting on Trump's speeches through Kalshi, triggering a CFTC investigation.
