Donald Trump Jr. announces his new role as strategic advisor for online prediction firm Kalshi.
On Monday, President-elect Donald Trump’s eldest son said he was inspired to work for the trading platform following its election night prediction.
Trump Jr. said that the Trump family and close friends used the prediction market Kalshi on Election Night and knew Trump won hours earlier than the mainstream media projections. He wrote in a post on X. “I immediately knew I had to contribute to their mission. Today, I am proud to announce that I am joining Kalshi as a strategic advisor.”
Kalshi, a regulated exchange and prediction market where bettors can trade on the outcome of real-world events, signaled Trump’s victory in the November 2024 election over Vice President Kamala Harris, even though polls showed a close race.
Kalshi recently challenged its regulator in court and filed a legal brief last year over its right to offer contracts that allow Americans to bet on election outcomes. The appeals court ultimately sided with the company and upheld a lower court’s ruling that allowed it to restart election betting. According to the court’s ruling, the Commodity Futures Trading Commission, an independent federal body, failed to show how the company or public interest would be harmed by the company offering such bets.
Trump Jr.’s new role is among several partnerships following the 2024 presidential election. In November, Trump Jr. also joined the advisory board of drone maker Unusual Machines. The next month, the president’s son joined the board of directors of PublicSquare, citing his involvement since the earliest days of the e-commerce company.