White House Press Secretary Karoline Leavitt told reporters Thursday afternoon, following ABC News' report, that Perez has been put on unpaid administrative leave.
Leavitt said she was unaware of any other White House staffers who have made such trades.
"The White House has strict ethics guidelines that we expect all staffers and officials to follow," said White House spokesperson Davis Ingle when contacted by ABC News.
Gabriel Perez cleans the teleprompter before President Donald Trump speaks at the Future Investment Initiative Institute's summit, March 27, 2026, in Miami Beach, Fla. Mark Schiefelbein/AP.
Later in March, the White House issued an internal memo warning staff against using nonpublic information to place bets on prediction markets, sources previously confirmed to ABC News.
At some point during the investigation, the sources said the CFTC alerted federal prosecutors in Manhattan, who declined to open a criminal investigation.
Last October, Trump's social media company, Trump Media and Technology Group, announced it was looking into launching its own prediction market offering. »