CFTC orders Gabriel Perez to pay $172,000 over insider trading in event contracts

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Ashutosh Sureka

29.08.2026

CFTC orders Gabriel Perez to pay $172,000 over insider trading in event contracts — Insider trading on event contracts

Federal regulators are imposing sanctions over trading tied to presidential speech content on a prediction market platform. The case centers on conduct between December 2025 and February 2026, when nonpublic information from White House speech access was used to generate more than $107,500 in profit.

Highlights

Gabriel Perez must disgorge $107,539.02 in illegal trading profits and pay a $65,000 civil penalty after settling CFTC insider trading charges.
The CFTC order imposes a three-year trading ban on Perez, reflecting a lower penalty due to his exemplary cooperation with investigators.
Perez misused nonpublic information as a White House teleprompter operator to trade presidential mention event contracts, spotlighting regulatory scrutiny of prediction markets with government data.

Settlement terms and misconduct findings

As announced by Commodity Futures Trading Commission, Gabriel Perez is ordered to disgorge $107,539.02 in unlawful trading profits and pay a $65,000 civil monetary penalty after settling charges tied to insider trading in event contracts.

The agency says Perez also agrees to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations. The order imposes a three-year trading ban, while the penalty amount reflects what the regulator describes as a substantial discount under the Division of Enforcement's cooperation advisory because of Perez's exemplary cooperation.

The order finds that Perez misappropriated material, nonpublic information obtained through his federal government employment to trade contracts for his personal benefit. Those contracts were presidential mention markets, event contracts that reflect words or phrases the President may use during speeches.

Government access and market oversight implications

During the period cited in the order, Perez works as a teleprompter operator for the White House and has access to presidential speeches before delivery. The CFTC says he breaches a duty of trust and confidence by using that information to trade ahead of the public remarks.

The case highlights regulatory scrutiny of prediction market products when trading activity involves confidential government information. The CFTC also says it appreciates the assistance of KalshiEX in the matter.

Our earlier article covered a federal appeals court ruling that deepened the jurisdiction battle over sports-related event contracts and whether they should be treated as federally regulated derivatives or state-regulated gambling. The decision created a circuit split, increasing the chances that the U.S. Supreme Court will ultimately weigh in on who has authority over prediction market offerings.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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