Donald Trump Jr. advises and invests in two major prediction market firms

Donald Trump Jr. is an investor in and an unpaid adviser to Polymarket and a paid adviser to Kalshi, two of the largest online prediction market companies, and he is a director of the Trump family’s social media company, which announced a trading product called Truth Predict. The markets have drawn millions in wagers on events tied to the president’s actions, including bets this month on whether Mr.

Trump will take over Greenland, whom he will nominate to lead the Federal Reserve and whether the government will shut down, and a recent $410,000 payout on a wager that Venezuela’s Nicolás Maduro would lose power. Kalshi and Polymarket together took in nearly $50 billion in trades last year, according to Piper Sandler.

Ethics experts have raised questions about the Trump family’s business ties amid a lighter regulatory approach: the Commodity Futures Trading Commission has eased enforcement toward the firms, and both companies’ executives now sit on the agency’s innovation council. Supporters and companies say Mr.

Trump Jr. advises only on marketing or strategy and does not trade on the platforms or interact with the federal government on their behalf; a spokesman called suggestions otherwise an “absurd premise.” But ethics experts say his proximity to the president and advisers prompts suspicions, and observers note enforcement is hard because the law is vague.

Key Topics

Politics, Donald Trump Jr, Polymarket, Kalshi, Truth Predict, Cftc