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Here's Where Prediction Markets Go Wrong

Gabriel Perez ran Trump's teleprompter and bet on what the president would say. Now begins the terrible tailspin of prediction markets.

Gabriel Perez has run Donald Trump’s teleprompter since 2016. According to CFTC investigators, he spent months betting on Kalshi’s “Mentions” market on which words and phrases Trump would use in his own speeches, and made more than $100,000 doing it. He’s now in settlement talks with regulators, on unpaid leave from the White House (where the president’…

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