On June 29, 2026, a Michigan judge ordered Kalshi to stop offering its prediction market products to residents after Attorney General Dana Nessel accused the platform of...
Kalshi criticized for gifting Donald Trump Jr $300K in shares
Prediction market platform Kalshi has been facing criticism after it was revealed that the company gifted Donald Trump Jr. $300,000 in shares following Trump Jr.’s appointment as a strategic adviser in 2025.
According to reports, President Trump’s eldest son, Donald Trump Jr., didn’t invest any personal capital to get the shares, receiving the stake in the company at a time when Kalshi had a valuation of just under $2 million, as opposed to its current $22 billion market value. Now, Trump Jr.’s shares are expected to rise even further as the prediction market is set to reach a $40 billion valuation.
Trump Jr. first announced his role with Kalshi soon after President Trump’s election, sharing that his family used the platform during the 2024 election campaign instead of relying on traditional news outlets.
Trump Jr. had posted on X:
“While biased outlets called the race a coin toss, my family and close friends used prediction market Kalshi to know we had won hours ahead of the fake news media.”
The concerns over the issue started arising after President Trump expressed his support for prediction markets and sided with the federal government making all decisions connected to the platforms’ legality and operations. Critics have argued that the President’s position means that policy decisions have a direct influence on his son’s financial interests.
Additionally, Trump Jr. is also a member of the advisory board of Polymarket, which he joined back in 2024.
Kalshi and ADI Predictstreet have announced a new strategic collaboration, making Kalshi a co-branded FIFA World Cup partner during the knockout stage.With ADI...
