Donald Trump Jr. has thrown his support behind prediction market Kalshi, a move that could signal a shift in the landscape of election betting. Kalshi is federally regulated and currently fighting in court for the right to offer election betting. With Trump Jr.'s endorsement and the upcoming change in leadership at the CFTC, the future of election betting in the U.S. appears more promising for Kalshi and other prediction market operators.
Trump Jr. ’s advice and standing with the incoming Trump administration looks like another win for Kalshi, which is federally regulated and still fighting for the right to offer election betting in the courts.Prediction market operator Kalshi – and the business of betting and hedging on events like elections and economic data releases – now has the official backing of Trumpworld.
“I immediately knew I had to contribute to their mission,” Trump Jr. wrote on Monday. “The Kalshi team has worked hard, sued the Biden administration, and achieved the impossible feat of becoming the first legal prediction market in the US. I'm excited to be a part of what they're building.”We're gonna win so much you're gonna get tired of winning
Rostin Behnam opposed Kalshi’s election contracts.
Politics Technology PREDICTION MARKETS ELECTION BETTING KALSHI TRUMP JR. CFTC REGULATION REPUBLICAN PARTY
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