Donald Trump Jr. has joined Kalshi, a prediction market operator, as an advisor to help develop partnerships and go-to-market strategies. Kalshi allows users to wager on the likelihood of future events and gained popularity after correctly predicting Donald Trump's win in the U.S. presidential election. Trump Jr. expressed his commitment to Kalshi's mission, noting his family's use of the platform during election night to gauge their success before the media's announcements. Kalshi has recently been able to offer political contracts legally thanks to a favorable ruling from a federal appeals court. The platform achieved over $500 million in wager volume on its presidential election contract, which will close on Inauguration Day, January 20. The Commodity Futures Trading Commission previously sought to block Kalshi from offering such contracts, fearing they might undermine trust in U.S. elections. It remains uncertain how Trump Jr.'s involvement will affect Kalshi's regulatory landscape, especially in light of potential changes in agency leadership. Proponents argue that prediction markets provide valuable insights into electoral dynamics, potentially offering a clearer picture than traditional polling data.

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