Donald Trump Jr. announced Monday that he will be joining the prediction market Kalshi as a strategic adviser. Kalshi became popular last year when it won a court case that paved the way for legal election betting, which Trump Jr. referenced in his announcement. “On Election night at Mar-a-Lago, 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," he wrote on X. Betting markets, including Kalshi, correctly predicted that Donald Trump would win the election. Kalshi CEO Tarek Mansour told CNBC that while the company has risen in prominence since the election, there are host of other popular betting markets, including betting on the highest temperature in cities like Chicago. “We’re not a political company in any way, shape or form,” Mansour said. “We’re a company that’s deeply obsessed with building a great prediction market that brings truth to the world.” Trump Jr.‘s role comes as companies embrace the incoming Trump administration. Trump Jr. has joined the board of e-commerce company PublicSquare and drone-maker Unusual Machines in recent months. Social media giant Meta also announced that it will be rolling back diversity initiatives and end fact-checking on its social platforms.
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