Donald Trump Jr., the eldest son of President-elect Donald Trump, has joined prediction market platform Calci as a strategic advisor.
The move highlights Trump Jr.'s growing interest in technology and financial innovation. Kalshi, founded in 2018, allows users to bet on real-world events, including politics, weather and current affairs. The platform gained fame after US courts approved betting on the elections last year.
Kalshi secures the court Approval of the list Forecast decades on the control of the US Congress after a legal battle with Commodity Futures Trading Commission. A federal appeals court overturned the CFTC's previous denial, allowing the regulated startup to offer these event markets.
In a mail On the social media platform
“I knew immediately I had to contribute to their mission,” Trump Jr. wrote, praising Kalci’s approach to providing insights through prediction markets.
Prediction markets like Kalshi allow users to bet on the outcomes of certain events. For example, users can bet on the number of executive orders the president will sign or the probability that the Senate will vote for confirmation.
Another prominent prediction market in mainstream events is Polymarket. Both Kalshi and Polymarket use real-time data and crowd sentiment to generate odds, often providing insights faster than traditional polls or news outlets.
Such as chi and encryption
everything foot Cryptocurrency deposits using the USDC stablecoin (US dollars), and integrating encryption into its services. In contrast, Polymarket is a decentralized prediction market on the blockchain that uses cryptocurrencies for transactions. Covers various topics Such as politics and world events. It gained momentum during the 2024 US elections, but has faced regulatory challenges in the US
Both platforms underscore the growing intersection between prediction markets and cryptocurrencies within DeFi. While Kalshi adheres to regulatory guidelines, Polymarket leverages the decentralized features of blockchain, offering different methods for event-driven speculation in the cryptocurrency space.
Source link