Donald Trump Jr. Joins Kalshi as Strategic Advisor
- Donald Trump Jr. has become a strategic advisor for Kalshi, the first legal prediction market in the US.
- Kalshi is regulated by the Commodity Futures Trading Commission (CFTC).
- The platform offers contracts on various real-world events, including elections and social topics.
- Kalshi bettors accurately predicted Donald Trump’s victory with a 55% probability on election eve.
- Kalshi faces competition from Polymarket, an offshore operator with higher trading volumes.
Donald Trump Jr.’s addition to Kalshi aims to boost its visibility as it competes with offshore platforms like Polymarket, which reported $3.1 billion in trading volume compared to Kalshi’s $197 million on election contracts.
