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A former White House teleprompter operator has been penalized for using non-public information to trade on prediction markets, highlighting ongoing regulatory scrutiny of political insider trading.
A federal judge has mandated that a former White House teleprompter operator repay over $172,000 after using confidential information about Donald Trump's upcoming addresses to place profitable sports and financial bets.
A former White House teleprompter operator has been ordered to pay $172,000 in fines and return illicit profits after being caught betting on the specific wording of Donald Trump’s speeches. Regulators determined the individual used non-public information gained through their official duties to gain an unfair trading advantage.