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Donald Trump Jr. has joined prediction market platform Kalshi as a strategic advisor, the company announced today.
As the eldest son of former President Donald Trump, Trump Jr.’s involvement with Kalshi adds significant credibility and influence to the platform’s mission. Kalshi operates as the first and only legal prediction market in the United States, under Commodity Futures Trading Commission (CFTC) regulation. The platform offers contracts on real-world events, including elections, economic outcomes, and social topics.
In a statement, Trump Jr. expressed his enthusiasm for joining Kalshi’s mission, highlighting the importance of prediction markets in enhancing transparency and accountability in political discourse. “I immediately knew I had to contribute to their mission,” he wrote on X.
Kalshi has gained significant attention in recent years, particularly during high-profile events like elections. During the last presidential election, bettors on the platform correctly predicted Donald Trump’s victory, which reinforced its credibility as a reliable predictor of real-world outcomes.
The company faces stiff competition from offshore operators like Polymarket, which operates outside CFTC regulations and has already surpassed Kalshi in trading volume. However, with Trump Jr.’s involvement, Kalshi may be better equipped to navigate regulatory challenges and increase its market share.
Source: cryptobriefing.com
