Trump Jr. out as Kalshi advisor after his firm's big investment in Polymarket
Trump son advised Kalshi and got equity while Trump admin helped Kalshi in lawsuits.
Trump son advised Kalshi and got equity while Trump admin helped Kalshi in lawsuits.
An Ohio man says he lost $5,000 on a Kalshi contract predicting Vivek Ramaswamy would win the 2026 governor race.
Experts warn of risks of platforms hosting bets tied to US public health – including vaccine mandates and drug trials
Kalshi announces ‘mutual decision’ as Democrats say they plan to investigate Trump family’s investments
The president's son will no longer serve as an advisor at Kalshi.
Trump Jr. has been an advisor to both Kalshi and its rival Polymarket during the prediction market-friendly administration of his father. Kalshi told Bloomberg that the company and Trump Jr. “mutually agreed” to part ways after his venture capital firm invested in Polymarket this summer. [Link: Donald Trump Jr. Out as Kalshi Adviser Following Midterms | https://www.bloomberg.com/news/articles/2026-11-12/donald-trump-jr-out-as-kalshi-adviser-following-midterms | Bloomberg]
The latest odds come after co-founder Jensen Huang resigned as Nvidia CEO on Thursday.
News of the probe comes after the CFTC ordered Kalshi to take down a sports-related "mention markets" back in August.
Lawsuit demands Kalshi return losses because online betting is illegal in Washington.
Kalshi traders cut the odds of an Anthropic IPO announcement before December as AI stocks sold off after Democrats won control of Congress.
Kalshi can't avoid gambling law by claiming it doesn't offer gambling, state AG says.
Sites like Kalshi and Polymarket offer faux populism as elites reap the benefits – and voters risk being misled
Just a day before the midterms, Kalshi traders give Democrats a 74% of controlling the Senate.
Kalshi and Polymarket are developing a reputation as a place where Americans go to lose money. But they have also created an opening for a few sharps.
States’ fights against prediction markets are heating up.
In a city where almost everyone is privy to some kind of inside information, betting on politics has surged ahead of midterm elections.
US agency has sued 10 states for trying to stop gambling on prediction markets.
The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets.