Donald Trump Jr. joins betting-market startup Kalshi as adviser
1 day, 7 hours ago

Donald Trump Jr. joins betting-market startup Kalshi as adviser

Salon  

Donald Trump Jr. has joined Kalshi, the betting platform that predicted his father's reelection, as an adviser. Trump Jr. said he "immediately knew I had to contribute to their mission" when Kalshi called Trump's win hours before the media did. Related FBI raids home of Polymarket CEO The court ruling reopened the door for election betting, a common practice in American races until the turn of the 20th century. Days later, the FBI raided Coplan's New York City home and seized his electronics — part of an investigation into Polymarket allegedly accepting trades from U.S.-based users, Bloomberg reported.

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History of this topic

Man who's taken $92 million in 2024 presidential election bets reveals why his platform is a better predictor than polls
2 months, 2 weeks ago

Man who's taken $92 million in 2024 presidential election bets reveals why his platform is a better predictor than polls

Daily Mail  

Opinion polls say the race between Kamala Harris and Donald Trump comes down to a coin flip. Don't be, says Tarek Mansour, CEO of Kalshi, America's first legal online election prediction wagering platform, which has taken in more than $92 million in bets tied to the 2024 race. Kalshi's presidential election market gives Trump a striking 26-point lead over Vice …

US Presidential polls 2024: Will Donald Trump be next US President? Here's what betting markets predict
2 months, 3 weeks ago

US Presidential polls 2024: Will Donald Trump be next US President? Here's what betting markets predict

Live Mint  

With under three weeks until the presidential election, Donald Trump leads Kamala Harris in prediction markets, showing a 60% chance of victory. Election Betting Odds, which aggregates data from the major markets, shows Trump has a 57% chance, the largest margin in his favour since 29 July, up from about 48% at the end of September. Groups supporting Trump and …

Kalshi: Federal appeals court allows prediction market to offer US election betting
3 months, 1 week ago

Kalshi: Federal appeals court allows prediction market to offer US election betting

CNN  

CNN — A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. A panel of three judges unanimously ruled Wednesday that the Commodity Futures Trading Commission, which had argued that the wagers were …

Some companies want to bet on US elections. Not everyone agrees.
1 year ago

Some companies want to bet on US elections. Not everyone agrees.

Al Jazeera  

With US elections coming up, some platforms like Kalshi are in the spotlight for wanting to bet on the outcome. Using his background in finance, he built the first regulated exchange, running what are called “event contracts” or ways to trade on current affairs like national elections. Such an outcome is in clear conflict with the public interest and would …

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