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Jul 16, 2026 1 min

Here's Where Prediction Markets Go Wrong

from The Rip Current Hosted by Jacob Ward

This is a free preview of a paid episode. To hear more, visit www.theripcurrent.com Gabriel Perez has run Donald Trump’s teleprompter since 2016. According to CFTC investigators, he spent months betting on Kalshi’s “Mentions” market on which words and phrases Trump would use in his own speeches, and made more than $100,000 doing it. He’s now in settlement talks with regulators, on unpaid leave from the White House (where the president’…

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Here's Where Prediction Markets Go Wrong

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