Story perspectives

Operator Fired Over Insider Bets; CFTC Flagged Trades

7/29/2026

Summary

Story summary

Gabriel Perez, operator, is no longer employed after alleged insider betting on President Donald Trump’s speeches.
Gabriel Perez earned $175,000, more than half of which he reportedly won from the bets.
Robert Denault, Kalshi lawyer, said the platform flagged the trades to U.S. Commodity Futures Trading Commission.
President Donald Trump defended prediction markets, urging states leave regulation to Commodity Futures Trading Commission after Minnesota’s May ban was blocked.

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Story summary

Gabriel Perez, operator, is no longer employed after alleged insider betting on President Donald Trump’s speeches.
Gabriel Perez earned $175,000, more than half of which he reportedly won from the bets.
Robert Denault, Kalshi lawyer, said the platform flagged the trades to U.S. Commodity Futures Trading Commission.
President Donald Trump defended prediction markets, urging states leave regulation to Commodity Futures Trading Commission after Minnesota’s May ban was blocked.