Gabriel Perez, who worked for Donald Trump for 10 years, placed bets on Kalshi for three months. In particular, the bets, which earned him hundreds of thousands of dollars, involved Trump’s speech at the World Economic Forum in Davos. According to ABC News, Perez adapted to Trump’s frequent departures from the teleprompter, which led him to cancel bets in the middle of the speech. The incident came to light after Kalshi reported suspicious activity to the CFTC. Perez was placed on paid leave. Trump Media has begun selling high-speed access to Trump’s social media posts. This data can also be used by prediction markets, where the outcome of an event is determined by the timestamp of a transaction record. For example, Polymarket did not accept the outcome of Strategy’s BTC sale in May because the sale data appeared later.
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Trump’s teleprompter operator accused of betting on the president’s speeches
Gabriel Perez, who worked for Donald Trump for 10 years, placed bets on Kalshi for three months. In particular, the bets, which earned him hundreds of thousands of dollars, involved Trump’s speech at...