Donald Trump Jr. joined prediction market operator Calci as an advisor on Monday, deepening the company's work Embracing American politics.

The president-elect's son will advise Calci on partnerships and go-to-market strategy "as we aggressively scale the business," a Calci representative said. Decryption.

Kalshi is a trading platform that enables users to bet on the probability of a future event. Its popularity skyrocketed last fall when its bettors correctly predicted that Republican candidate Donald Trump would win the US presidential election.

“Don Jr.’s bold vision and deep experience align perfectly with our mission to reshape how America engages with information,” said Calci. He said on Monday in a post on X (formerly Twitter). “His guidance will help accelerate our expansion and push prediction markets into the mainstream.”

A representative for Calcio declined to disclose the terms of his agreement with Donald Trump Jr., including how Don Jr. will be compensated, if ever, under the deal.

Kalshi is the first prediction market to legally offer US policy-focused contracts to US traders. I have Betting pools that are operated continuously On US congressional races and the presidential election since last October, when a federal appeals court sided with the bench in its two-year legal battle against the Commodity Futures Trading Commission, or CFTC.

Since then, Calci has raised more than $500 million in betting volume on the US presidential election, which ends on Inauguration Day (January 20). According to To its website.

Commission lawyers tried to prevent Calci from offering predictive markets focused on US politics, arguing that the contracts could undermine confidence in the US voting system. It's unclear whether the addition of the president-elect's son would change the nature of the regulatory scrutiny Calci undertakes, though that could change anyway depending on impending leadership changes at the agencies.

Prediction market proponents say such data provides valuable insights into democratic processes, providing temperature checks on how voters feel about particular candidates. They argue that traders' forecasts on Calcci and other platforms can provide a more accurate snapshot of the outcomes of future events than traditional polling data.

Modified by Andrew Hayward