Trump Jr. Joins Betting Platform Kalshi as Strategic Advisor

The U.S.-based prediction market platform Kalshi has announced the addition of Donald Trump Jr., the son of President-elect Donald Trump, as its new strategic advisor, CNBC reports.

Kalshi CEO Tarek Mansour highlighted Trump Jr.’s strong interest in emerging technologies and innovative media formats as key factors in the decision. 

“Don has always been at the forefront at these types of spaces and new technologies. He’s always been very in tune with what the American people feel and want,” Mansour explained.

Trump Jr. shared his motivation for joining Kalshi, stating that his interest was sparked on the night of the U.S. presidential election. 

“While biased outlets called the race a coin toss, my family and close friends used the prediction market Kalshi to know we won hours ahead of the fake news media. I immediately knew I had to contribute to their mission,” he wrote on X (formerly known as Twitter).

Mansour firmly denied any political motives behind Trump Jr.’s involvement. “We are not a political company in any way, shape, or form,” he assured.

Despite these claims, Kalshi’s rise to prominence has been closely tied to politics. During the recent presidential race, the platform saw a massive surge in activity, with over $100 million wagered on the election’s outcome. 

This growth was further bolstered by a landmark U.S. federal appeals court ruling in October 2024, which allowed Kalshi to accept election-related bets from American users.