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Back|CFTC fines former White House teleprompter employee
CFTC fines former White House teleprompter employee
NEWS
Die Zeit·52 minutes ago·Crime·1 min read·🇩🇪Germany·

CFTC fines former White House teleprompter employee

A former employee used insider knowledge of Donald Trump's speeches to place bets on prediction platforms.

Quick Look

  • The US Trade Commission (CFTC) has fined a former White House teleprompter employee more than $170,000.
  • He had used insider knowledge of Trump's speeches to place bets on the Kalshi platform.

AI-generated summary

Why It Matters

The CFTC regulates commodity futures trading in the United States. Prediction platforms like Kalshi and Polymarket allow betting on political events.

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The US Commodity Futures Trading Commission (CFTC) has ordered a former White House teleprompter operator to pay a fine of more than $170,000. The man had used his previous access to President Donald Trump's speeches to make money by betting on words, phrases or topics that would appear. He was suspended after his actions became known in July.

The employee must repay $107,539 in winnings and pay a civil penalty of $65,000 as part of a settlement with the CFTC. He also agreed to a three-year trading ban. The CTFC said the penalty was relatively light at $65,000 because he had been cooperative.

According to the authority, the man traded on the prediction platform Kalshi between December 2025 and February 2026. He is said to have bet on, among other things, Trump's address at the World Economic Forum in Davos in January and his State of the Union address in February.

Trump also wants to make money from advance information

It is not the first case of its kind. In April, the US Department of Justice accused a soldier of having earned over $400,000 on the Polymarket platform with secret knowledge of plans to arrest Venezuelan leader Nicolás Maduro in early January.

Open Questions

  • ?How was access to the speeches technically controlled?

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This article was originally published by Die Zeit.

Quick Look

  • The US Trade Commission (CFTC) has fined a former White House teleprompter employee more than $170,000.
  • He had used insider knowledge of Trump's speeches to place bets on the Kalshi platform.

AI-generated summary

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Medium
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Moderate
Global impact
National
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Die Zeit
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Published
52 minutes ago

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