---
title: "White House Staff's Use of Inside Information Investigated by Democratic Senators"
url: https://newscentral.site/white-house-staff-s-use-of-inside-information-investigated/
language: en
publisher: "News Central Site"
section: "Business"
published: 2026-11-10T17:16:36.000Z
updated: 2026-11-10T19:43:00.679Z
id: 23b22dd6-773f-4a4e-b11f-3be2b869b8a1
source: "Fortune https://fortune.com/2026/11/10/democrats-white-house-prediction-market-betting-staff/"
attribution: "Link to https://newscentral.site/white-house-staff-s-use-of-inside-information-investigated/ and name News Central Site when you quote or summarize this story."
---

# White House Staff's Use of Inside Information Investigated by Democratic Senators

Democratic Senators Elizabeth Warren and Jeff Merkley have written to the White House seeking information about staff members using confidential government information for profit.

Democratic Senators Launch Investigation into White House Staff's Use of Inside Information for Profit

Two prominent Democratic senators have written to the White House, seeking information on whether staff members are using confidential government information to trade on prediction market platforms and profit from their bets. The letter, signed by Sens. Elizabeth Warren (D-MA) and Jeff Merkley (D-OR), was sent to White House counsel Will Scharf on Monday.

The senators' inquiry follows a July report that Gabriel Perez, President Trump's teleprompter operator, allegedly made over $100,000 on the prediction market Kalshi by betting on words used in more than a dozen speeches. This revelation has sparked concerns about potential insider trading and misuse of power within the administration.

The White House is being asked to disclose what safeguards are in place to prevent staff from using confidential information for personal gain. The senators want to know if any measures have been taken since the incident came to light four months ago, as they seek to understand the extent of the problem and potential solutions.

A settlement was reached between Perez and the Commodity Futures Trading Commission, requiring him to return his profits, pay a penalty, and agree to a three-year trading ban. The senators' letter expresses their concern that despite this development, no further action has been taken to address the issue.

The senators' letter raises further questions about the White House's handling of staff involvement in prediction market betting. Specifically, they want to know whether employees receive training on rules against using nonpublic information for trading or betting purposes.

The lawmakers also asked if any officials had contacted regulatory bodies such as the Commodities Futures Trading Commission (CFTC) or the Justice Department about Perez's case. They requested a copy of any memo sent to staff warning them against making bets based on inside knowledge and answers to their questions by November 23.

As concerns over insider trading continue to grow, the White House has yet to respond to a request for comment on this matter.

The scrutiny is part of a broader trend, with several high-profile cases drawing attention to the use of nonpublic information for financial gain.

Several Democrats are calling for stricter regulations on prediction markets, which they argue can be used for insider trading and financial gain. These concerns have been fueled by high-profile cases involving individuals with access to nonpublic information using these platforms.

The Trump family's involvement in the industry has raised eyebrows, particularly since Donald Trump Jr. advises two prominent prediction market companies: Kalshi and Polymarket. Furthermore, his venture firm, 1789 Capital, has invested in Polymarket, highlighting the blurred lines between personal interests and professional obligations.

As scrutiny of prediction markets continues to intensify, the White House is under pressure to address these concerns and implement stricter regulations to prevent potential abuses by individuals with access to sensitive information.

---
Source: [Fortune](https://fortune.com/2026/11/10/democrats-white-house-prediction-market-betting-staff/)  
Published by News Central Site: https://newscentral.site/white-house-staff-s-use-of-inside-information-investigated/