US Senators Ask White House to Respond to Ethics Questions Over Former Aide's Prediction Market Betting

TechFlow news, November 12, according to The Block, US Democratic Senators Elizabeth Warren and Jeff Merkley sent a letter to the White House counsel, demanding that the White House respond to allegations that a former teleprompter operator used non-public information to bet on prediction markets, and questioning the White House's inadequate handling of related ethics issues.

They requested information on whether other employees had misused insider information to bet or trade for personal gain, and whether the White House provided training on the use of non-public information. Previously, in August, the US Commodity Futures Trading Commission ordered Gabriel Perez to pay more than $172,000 after he was accused of reading prepared remarks ahead of a speech by Trump and placing bets on related prediction markets on Kalshi. The White House did not immediately respond to a request for comment.

Source: TechFlow