Trump device operator faces $65,000 fine

The Trump administration imposed a fine of $65,000 on Gabriel Perez, an employee who worked for a long time with President Donald Trump, due to illegal trading in prediction markets related to Trump's speeches. He was also ordered to relinquish $107,000 in profits earned from those trades through the "Kalshi" platform. Although he was bound by trust and confidentiality duties, the fine was reduced due to his cooperation with the investigation. This is the first known case of an White House employee being charged with an insider trading scheme. This case occurs amid the growing popularity of prediction markets this year.

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