In the environment created by Donald Trump’s presidency, the saying “last one is a fool” is fitting.
Read more Leonor and Sofía approach the reality of young people with disabilities
There are many who try to seek fortune under the protective roof of the White House, including the president, his children, the first lady, and even close advisors and legislators who may have access to privileged information.
But even the less prominent figures try to profit from their proximity to power.
Among them is Gabriel Pérez, technical assistant to the president and responsible for operating Trump’s teleprompter since 2016.
Pérez knew in advance what Trump would say in his speeches, so he allegedly eagerly crossed the gap from words to actions.
Federal investigators from the United States Commodity Futures Trading Commission (CFTC) believe the man who managed the screen with the text made tens of thousands of dollars betting on more than a dozen of Trump’s speeches in the Kalshi prediction market.
The president announces a paid service for early access to the content of his social network
This collaborator, already suspended without pay, is negotiating with federal regulators to reach an agreement that resolves the accusations that he used his privileged knowledge of the speeches to earn more than $100,000, according to sources.
Everything indicates that Kalshi alerted its regulated body about this suspicious activity detected in its market Mentions , where users can bet on whether certain words, expressions, or topics will be spoken during a public speech. “Our oversight team quickly detected these trades, flagged them, and immediately referred them to the CFTC. We are cooperating with regulators and providing all necessary assistance,” Bobby DeNault, Kalshi’s chief compliance officer, told ABC.
Read more FIFA will award World Cup winners with American-style championship rings
Karoline Leavitt, White House press secretary, confirmed the sanction against Pérez and said she spoke with Trump about this matter. The president considered it a “shame” and personally decided to remove Pérez from his duties without pay.
The press secretary was quick to condemn Pérez while always denying any incompatibility or corrupt management between Trump’s presidency and his family businesses.
After using power to enrich himself more than any other sitting president, through cryptocurrency, real estate, investment, and personal brand businesses, Trump may have found the golden goose again.
Trump Media & Technology Group, owner of the Truth Social platform, announced a paid service that will offer banks and investment firms “the fastest access” to the president’s posts and influential accounts on the social network.
Gabriel Pérez, who operated the teleprompter, made a fortune betting on what Trump would say in his speeches
When prediction markets are under suspicion for insider trading – it is common for an anonymous investor to bet millions of dollars minutes before a Trump announcement, for example, about a ceasefire with Iran or the imposition of tariffs – the president’s company will offer early access to companies that pay and buy or sell their stocks, bonds, cryptocurrencies, or predictions before ordinary people, even before the media receive the news.
Trump uses his social network as his only digital communication channel. His announcements, insults, ego attacks, and opinions are published first on Truth Social. Investors live in the volatility that Trump has normalized in the markets, which move at a dizzying pace. This volatility will continue to exist, but now the big firms that fill the president’s pocket will have an advantage. The president wants to be the bank, which always wins.
