Leading Prediction Firms Share a Commonality: Donald Trump Jr.
Traders in companies running online prediction markets are wagering millions on policy actions that may or may not be taken by President Donald Trump.
Donald Trump Jr., the president’s eldest son is both an investor in and an unpaid adviser to Polymarket, and a paid adviser to Kalshi, the two biggest prediction market companies, and he is also director of the Trump family’s social media company, which has a planned expansion to a prediction market product–Truth Predict.
Ann Skeet, senior director of leadership ethics said that “it’s problematic to have the president’s son in the mix” because he could be among a small group of people who actually know the answers to specific White House questions that people are betting on.
Ann Skeet, senior director, leadership ethics, quoted by The New York Times.