Insider Trading
2 articles tagged "Insider Trading".
White House Teleprompter Operator Suspended Over Alleged Insider Trading on Kalshi Prediction Markets
Gabriel Perez, President Trump's longtime teleprompter operator, has been suspended and is under CFTC investigation for allegedly using inside knowledge of Trump's speeches to win over $90,000 on Kalshi's prediction markets. The White House placed him on unpaid leave, and he is cooperating with regulators who are discussing a potential settlement.
Underdog launches wholly owned CFTC-licensed prediction market exchange amid ongoing regulatory uncertainty
Underdog has launched its own CFTC-licensed prediction market exchange, becoming the first sports company to hold the full regulatory license stack, as the industry faces ongoing legal disputes between federal commodities law and state gambling regulations.