Official announcements or filings from the CFTC

Donald Trump Jr. Joins Prediction-Market Startup Kalshi as Adviser, Used for Election Night Prediction

Jan 13, 2025, 02:44 PM

Donald Trump Jr. has joined Kalshi, a prediction-market startup, as a strategic adviser. The announcement comes after the U.S. Commodity Futures Trading Commission (CFTC) referred to Kalshi as 'an online casino' in a December filing. Trump Jr.'s involvement with Kalshi was highlighted during the 2024 U.S. Presidential Election night at Mar-a-Lago, where he and his family used the platform to predict the election outcome hours before it was reported by the media. Kalshi's CEO, Mansour Tarek, expressed enthusiasm about Trump Jr.'s addition to the team, citing his potential to drive the company's mission to expand prediction markets as a powerful tool for uncovering truth.