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Warren: What is White House doing to prevent a repeat of teleprompter's Trump bets?

Times News world desk (2026-11-10): As the Pentagon and Congress crack down on government insiders using prediction markets, two Democratic senators want to know what steps the White House is… Primary source: original at CoinDesk (coindesk.com).

· CoinDesk

Warren: What is White House doing to prevent a repeat of teleprompter's Trump bets?

As the Pentagon and Congress crack down on government insiders using prediction markets, two Democratic senators want to know what steps the White House is taking to guard against potential insider trading among President Donald Trump’s staff — particularly after a White House teleprompter operator allegedly made $100,000 on Kalshi by betting on which words the president would use in his speeches.

The operator, Gabriel Perez, who had access to Trump’s draft speeches, paid a $173,000 fine, was banned from gambling and lost his job. But he was not criminally prosecuted.

The lack of criminal charges stands in contrast to the case of a special forces soldier who took part in the operation to capture Nicolás Maduro and then used that information to make more than $400,000 on Polymarket. The soldier was eventually charged with using classified information for personal gain.

In April the Senate also barred its members and staff from using prediction markets. And some House members have prohibited their staff from using the platforms as well.

Now two Democratic senators want to know why the White House has not issued its own regulations in the wake of the arrest of Trump’s longtime teleprompter operator.

In a new letter, obtained first by MS NOW, Sens. Elizabeth Warren, D-Mass., and Jeff Merkley, D-Ore., ask White House counsel Will Scharf whether any other White House employees have placed similar bets on prediction markets. The senators also want to know whether White House staff have received any training on the issue — and whether anyone in the White House discussed the teleprompter case with federal regulators or prosecutors.

“The White House continues to take no meaningful action to address these problems,” the Democratic senators wrote, “all while the President and his family stand to personally profit from their participation in prediction markets.”

White House spokesperson Davis Ingle did not say whether any review of staff activity on prediction markets was underway. But in a statement to MS NOW, he said federal ethics rules already “prohibit White House employees from using nonpublic information obtained through their government work to place bets on prediction markets or otherwise further their own financial interests or those of others.”

Representatives for Polymarket, Donald Trump Jr. and Perez — the White House teleprompter operator — did not respond to requests for comment.

But Kalshi noted that it was the company’s own internal regulators who caught Perez.

Kalshi’s surveillance systems “flagged his trades as unusual activity,” and investigators identified him as a White House staffer, said Robert DeNault, Kalshi’s head of enforcement. The company then referred the case to the Commodity Futures Trading Commission.

“Perez was charged and penalized by both the CFTC’s Division of Enforcement and Kalshi,” DeNault said in a statement to MS NOW. “It doesn’t matter who you are: violate Kalshi exchange rules or federal law and you will face the consequences.”

DeNault said members of Congress and executive and judicial branch officials are “strictly prohibited” from opening Kalshi accounts, and that the company supports legislation barring congressional staffers and lawmakers from insider trading. He said Kalshi briefed the House Oversight Committee on the case over the summer.