Former White House Worker Fined $172,000 for Betting on Trump Speeches

A man who worked the teleprompters for White House speeches used inside information to place illegal bets on election results.

A man who used to run the teleprompters at the White House is in big trouble. He has been ordered to pay $172,000 in fines. Here is what happened: The man had access to private information about upcoming speeches by Donald Trump. Because he worked closely with the President, he knew things before the public did. He used that information to place bets on a website called Kalshi. He was betting on how certain speeches would go and the results of political events. Using private work information to make money on bets is against the law. It is called "insider trading." Basically, he had an unfa…