Donald Trump JrKalshi as Strategic Adviser
The prediction market platform taps the president-elect's son to expand its reach and navigate regulatory challenges.
- Donald Trump Jr. has been named a strategic adviser to Kalshi, a U.S.-based prediction market platform known for political and event betting.
- Trump Jr. cited Kalshi's accuracy during the 2024 election as a key reason for joining, calling prediction markets a game-changer for tracking real-time outcomes.
- Kalshi recently won a legal battle allowing election betting in the U.S., though the Commodity Futures Trading Commission is appealing the decision.
- The company aims to grow its user base, compete with offshore rivals, and leverage Trump Jr.'s connections to navigate regulatory hurdles.
- Current betting markets include topics like executive orders from President-elect Trump and potential pardons by President Biden.