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Today, multiple news outlets reported that President Trump’s teleprompter operator has been placing profitable bets on Kalshi regarding the content of Trump’s forthcoming speeches. Public Citizen has repeatedly appealed to the Commodity Futures Trading Commission, which oversees the prediction markets, to investigate and enforce the laws against insider trading. On March 5, 2026, Public Citizen filed an insider trading complaint with the CFTC following highly suspicious trades on the timing and developments of the American invasion of Iran. On April 30, 2026, Public Citizen and Better Markets urged the CFTC to conduct rulemaking on prediction markets trading activity. Craig Holman, Ph.D., government affairs lobbyist with Public Citizen issued the following statement: “Betting on political events on the prediction markets has become highly profitable for a small handful of anonymous bettors. Ever since the American invasion of Venezuela and Iran, a few people have been placing very large bets moments before the events take place, and scoring millions in profits. The timing and accuracy of these bets strongly suggest insider trading, probably by a few individuals in the know within the Trump administration. “News just broke that Trump’s teleprompter operator has been placing such bets on the content of Trump’s upcoming speeches. This is further evidence of illegal insider trading on the prediction markets – an industry that the Commodity Futures Trading Commission has let operate like the Wild West. “Public Citizen again calls on the CFTC to wake up and do its job of overseeing the prediction market industry and enforcing the insider trading laws.”
Today, multiple news outlets reported that President Trump’s teleprompter operator has been placing profitable bets on Kalshi regarding the content of Trump’s forthcoming speeches. Public Citizen has repeatedly appealed to the Commodity Futures Trading Commission, which oversees the prediction markets, to investigate and enforce the laws against insider trading. On March 5, 2026, Public Citizen filed an insider trading complaint with the CFTC following highly suspicious trades on the timing and developments of the American invasion of Iran. On April 30, 2026, Public Citizen and Better Markets urged the CFTC to conduct rulemaking on prediction markets trading activity.
Craig Holman, Ph.D., government affairs lobbyist with Public Citizen issued the following statement:
“Betting on political events on the prediction markets has become highly profitable for a small handful of anonymous bettors. Ever since the American invasion of Venezuela and Iran, a few people have been placing very large bets moments before the events take place, and scoring millions in profits. The timing and accuracy of these bets strongly suggest insider trading, probably by a few individuals in the know within the Trump administration.
“News just broke that Trump’s teleprompter operator has been placing such bets on the content of Trump’s upcoming speeches. This is further evidence of illegal insider trading on the prediction markets – an industry that the Commodity Futures Trading Commission has let operate like the Wild West.
“Public Citizen again calls on the CFTC to wake up and do its job of overseeing the prediction market industry and enforcing the insider trading laws.”