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MarketsFortuneFiled 32 h ago

Democrats press White House on prediction market betting by staff | Fortune

Open the sourceReported by Fortune, fortune.com, 10 November 2026, by Camila Grigera Naón

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Sens. 23. The letter follows a July report that Gabriel Perez, President Donald Trump's longtime teleprompter operator, made over $100,000 on Kalshi betting on Trump's speech words; Perez settled with the Commodity Futures Trading Commission, surrendering profits, paying a penalty and accepting a three-year trading ban. The senators asked whether staff receive training on nonpublic-information rules, whether the administration contacted the CFTC or Justice Department about Perez, and requested a copy of a memo warning staff against such bets. The White House did not immediately comment. Watch whether the White House responds by the Nov. 23 deadline and whether other agencies tighten training and disclosure rules.

Muhabbit's AI wrote this summary in its own words from Fortune's report. It can get details wrong, so check the source.

Named in this story

Jeff Merkley, Elizabeth Warren, White House, Gabriel Perez, Kalshi, Commodity Futures Trading Commission