Kalshi Flags Trump's Teleprompter Operator For Alleged Insider Trading (abcnews.com)
- Reference: 0184486440
- News link: https://news.slashdot.org/story/26/07/17/0046237/kalshi-flags-trumps-teleprompter-operator-for-alleged-insider-trading
- Source link: https://abcnews.com/US/white-house-teleprompter-operator-made-100k-betting-trumps/story?id=134764573
> According to the sources, Kalshi alerted its regulator, the Commodity Futures Trading Commission (CFTC), to the suspicious activity on its "Mentions" market, where users can bet on whether specific words, phrases or topics are uttered during a public speech. "Our surveillance team promptly flagged and referred these trades to the CFTC, and we are cooperating and assisting regulators," Kalshi's head of enforcement, Bobby DeNault, said in a statement provided to ABC News.
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> White House Press Secretary Karoline Leavitt told reporters Thursday afternoon, following ABC News' report, that Perez has been put on unpaid administrative leave. Leavitt said she spoke with President Trump about it, and he thought it was a "disgrace" and made the decision himself to put Perez on unpaid leave. Leavitt said she was unaware of any other White House staffers who have made such trades. "The White House has strict ethics guidelines that we expect all staffers and officials to follow," said White House spokesperson Davis Ingle when contacted by ABC News.
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> In addition to February's State of the Union address, sources said CFTC investigators discovered that Perez placed bets on more than a dozen Trump speeches over a three-month period, including a December primetime address, a January speech at the World Economic Forum in Davos, Switzerland, and Trump's remarks in March during a Medal of Honor ceremony.
[1] https://abcnews.com/US/white-house-teleprompter-operator-made-100k-betting-trumps/story?id=134764573
It’s a disgrace (Score:2)
Because the operator made $100k and not trump.
Who can blame him? (Score:5, Insightful)
He comes to work in the White House every day and sees all these grifters using their office to make themselves rich, especially the guy he's showing the teleprompter to, and he asks himself "Why not me too?".
Trading on Knowable Information (Score:3)
Maybe this whole thing is a stupid idea. Knowledge of company internals is reasonable to police, any foreknowledge of just about anything not so much.
Re: (Score:2)
If it costs the site money because it distorts the odds, they will attempt to police it.
Re: (Score:2)
If it's legal for Congress it should be legal for everyone. Politicians just want to keep the grift for themselves.
Re: (Score:2)
These platforms are starting to let people bet on wildfire activity. What a fun way of incentivizing arsonists.
Re: (Score:2)
> Maybe this whole thing is a stupid idea.
And unless you are the insider, why would you bet on it, knowing there are 'insiders' who are likely betting against you?
Typical MAGA thinking... (Score:3)
> "The White House has strict ethics guidelines that we expect all staffers and officials to follow," said White House spokesperson Davis Ingle when contacted by ABC News.
Because rules are for little unimportant peons like Perez. The orange guy and his immediate minions are above such restrictions.
Re: (Score:2)
Dude, we're well into the "loot the treasury" phase of late-stage democracy. Pretty much everyone in a position of power is looting everything that isn't nailed down, which is why the reaction to the left shrieking "MUH TRUMP IS GRIFTING!" is just "yeah, whatever."
He placed bets ? (Score:2)
"CFTC investigators discovered that Perez placed bets" Oh, so it is a unlicensed betting site.
Dude "forgot" to pay Trump (Score:2)
That's gonna cost him, if he knows what's good for him.
strict ethics guidelines (Score:4, Funny)
> The White House has strict ethics guidelines that we expect all staffers and officials to follow
BWAHAHAHAHAHAHA
Good one.
should not be allowed to take bets on that at all! (Score:2)
should not be allowed to take bets on that at all!
Scapegoat (Score:4, Insightful)
A very practical scapegoat, to get the attention off Trump's own insider trading...