Penalty for betting on Trump's speeches
The U.S. Commodity Futures Trading Commission (CFTC) has ordered Gabriel Perez, a former White House employee, to pay a fine of approximately $172,539 for engaging in illegal trading on a prediction market platform using his prior access to President Trump's speeches. During his tenure at the White House between December 2025 and February 2026, Perez traded contracts related to Trump’s speeches concerning political events, with profits dependent on the use of certain words in the president’s speeches. In addition to the fine, he is prohibited from trading for three years and must return $107,539 of the profits he gained, as part of a settlement with the commission.
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