Federal regulators are investigating whether a White House teleprompter operator capitalized on his knowledge of President Trump's prepared speech text by making trades on the prediction market Kalshi, according to two sources familiar with the matter.

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Why it matters: The rise of prediction markets has raised concerns about insider trading, which Kalshi and federal regulators say they're well positioned to combat. (And I am the Prince of Grand Fenwick --- Usonian)

Driving the news: Gabriel Perez, the teleprompter operator, is under investigation by the Commodity Futures Trading Commission over the allegations that he bet on Kalshi "mention markets" using information on Trump's planned remarks," according to the sources, who were aware of the CFTC's investigation but were not authorized to speak publicly.

Perez won more than $100,000 on such trades, the sources said.