A longtime teleprompter operator for President Donald Trump is under investigation after allegedly placing nearly $100,000 in bets on the content of his speeches. The wagers were made through the prediction market Kalshi and are believed to have generated tens of thousands of dollars in profit for the aide. This marks the first known instance of officials probing suspected insider trading involving a prediction market from within the White House.
The operator allegedly used advance knowledge of Trump’s prepared remarks to profit on “mention markets,” wagers centered around whether specific topics would be discussed during speeches, according to the Financial Times. Sources indicate the aide is currently negotiating a settlement with federal regulators regarding the allegations. The SCMP reports the teleprompter operator has been suspended pending the outcome of the investigation.
CBS News confirmed the operator allegedly made nearly $100,000 through these bets, while ABC News reported the amount exceeded $100,000. NPR notes that officials are investigating whether this constitutes illegal insider trading. Newsmax reports the aide is negotiating a settlement with federal regulators.
No right-leaning sources have reported on this matter. Left and lean-left outlets emphasize the potential illegality of the actions and the novelty of investigating such activity within the White House, while center sources focus on confirming the financial details and ongoing regulatory scrutiny.
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