Former White House aide fined and barred after earning $107,000 on prediction markets

A settled order from the Commodity Futures Trading Commission (CFTC) has imposed a $65,000 penalty and a three-year ban on a former White House aide who used secret speech text to generate $107,000 on prediction markets. The enforcement action follows trading activity linked to confidential information, according to the report from CryptoSlate. The order also credits KalshiEX with assisting the CFTC. The case highlights regulatory scrutiny of prediction-market activity involving nonpublic information and comes after the aide’s reported gains were made before the agency intervened. No further details about the speech, the specific contracts traded, or the timing of the transactions were provided in the supplied source material.