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The person who handled the teleprompter for Trump made $100k on prediction markets by stealing a peek at the speech script.
In prediction markets, there’s actually a market called “Mentions,” where bets are placed on whether the president will say a certain word during his address.
The guy in the screenshot is named Gabriel Perez. Since 2016, he has been managing Trump’s teleprompter, and for every speech he is the last person to see the script.
Over three months, he placed bets on more than a dozen addresses, including the State of the Union, and he hit every one. After Kalshi’s own risk controls found unusual trading behavior and reported it to the CFTC, he was suspended and is now in settlement talks.
And he isn’t the first one this year.
A Google engineer made $1.2 million on Polymarket using internal search data. A U.S. service member involved in the scramble around Maduro made $400k on Polymarket based on mission intelligence… all of this is old news.
So the ones who can make the most are those who, in the first place, already know the answer before you do.
The editor thinks of a classic line from The Great Gatsby:
“Whenever you feel like criticizing any one, he only remembers that all the people in this world have not had the advantages that you have.”