CFTC Settles Event Contract Insider Trading Case With Former White House Staffer
CFTC reaches $172,000 settlement with Gabriel Perez over alleged event-contract trades using non-public information, highlighting enforcement focus on prediction-market integrity.
The Commodity Futures Trading Commission settled an enforcement action against Gabriel Perez, a former White House staffer, for $172,000. The case centers on alleged trading in event contracts that used non-public information.
Enforcement signal for platforms
Event contracts settle on discrete outcomes such as political appointments, legislative votes, or public decisions. The settlement shows the agency treating these instruments as markets subject to standard integrity rules against trading on confidential information.
Open questions
It remains unknown whether the settlement forms part of any larger Polymarket-related matter and what precise non-public information or contracts were involved.