On August 28, the CFTC entered a civil administrative consent order (Docket 26-06) against Gabriel Perez. The Commission found he used advance access to presidential speech drafts to trade Kalshi mention contracts and ordered $107,539.02 in disgorgement, a $65,000 civil penalty, cease-and-desist terms and a three-year trading ban. Perez consented without admitting the findings and waived judicial review. The CFTC index shows no later amended order as of September 25. This is not a criminal conviction or court judgment.
Open CFTC consent order · Docket 26-06 coverage →
Situation Room · United States · Newsroom focus
CFTC settles White House speech-betting case against Gabriel Perez
What did federal regulators actually order in the White House speech-betting case?
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Primary records were found in Federal, Administrative sources; 4 records are listed below.
This is not legal advice. It is a scoped public-record review, not a ruling on whether conduct is lawful.Verification protocol 2.1
Verified Sep 25, 2026 · 11:21 UTCScope and evidence
On September 25, 2026 this review reopened the complete 12-page CFTC order in Docket 26-06, Release 9289-26, the CFTC enforcement index, the CFTC press-release list through Release 9303-26 (September 24), and Staff Letter 26-27. It ran a GovInfo U.S. Courts search of all circuits, D.D.C., D. Md., E.D. Va., D. Or. and the Court of Federal Claims since August 28 for the respondent, Kalshi and the docket number. It checked for any later, amended, stayed, appealed or parallel record.
Names and identifiers searched
Gabriel Perez; White House Technical Advisor; teleprompter operator; resides in New Carrollton, Maryland; President Donald J. Trump; KalshiEX LLC (Kalshi), designated contract market; Trump mention market contracts; Commodity Futures Trading Commission; CFTC Docket No. 26-06; CFTC Release 9289-26; 7 U.S.C. 6c(a)(3), 6c(a)(4)(C) and 9(1); 17 C.F.R. 180.1(a)(1) and (3); CFTC Staff Letter 26-27 (context only). Exclude unrelated people named Gabriel Perez and unrelated Kalshi or prediction-market litigation (for example KalshiEX v. Assad, Ninth Circuit No. 25-7516).
Primary evidence
Administrative · Sep 22, 2026Staff Advisory on Individual Mention, Attendance and Interaction Event Contractsstaff advisory · CFTC Letter No. 26-27Later staff guidance to designated contract markets on mention-type event contracts, announced in Release 9302-26. It does not name Perez or Docket No. 26-06 and does not alter the consent order.
Administrative · Sep 15, 2026Enforcement Actionsofficial enforcement index · CFTC Enforcement Actions index (all years)Reopened September 25, 2026; newest entry September 15. Lists the August 28 Perez action with links to the release and order. The later entries (September 1, 9, 14 and 15) concern other respondents; none amends, supplements or vacates the Perez order.
Federal · Aug 28, 2026CFTC Orders Gabriel Perez to Pay $172,000 for Insider Trading of Mention Market Event Contractsenforcement release · CFTC Release No. 9289-26Announces the order filing and settling charges, the $107,539.02 disgorgement, $65,000 penalty, cease-and-desist term and three-year trading ban, and credits cooperation. The release describes trading from December 2025 through February 2026; the controlling order defines the period as December 2025 to March 2026.
Administrative · Aug 28, 2026In the Matter of Gabriel Perez: Order Instituting Proceedings Pursuant to Section 6(c) and (d) of the Commodity Exchange Act, Making Findings, and Imposing Remedial Sanctionsconsent order · CFTC Docket No. 26-06Reopened September 25, 2026 (12 pages, dated August 28, 2026, by the Commission). Finds that from December 2025 to March 2026 Perez, a White House Technical Advisor who operated the President's teleprompter, traded Kalshi Trump mention-market contracts using nonpublic speech content, violating 7 U.S.C. 6c(a)(3), 6c(a)(4)(C) and 9(1) and 17 C.F.R. 180.1. Orders cease and desist, $107,539.02 disgorgement due within 10 days, a $65,000 civil monetary penalty ($15,000 within 30 days, the balance within 18 months) and a three-year trading ban. Perez consented without admitting the findings or conclusions and waived judicial review.
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