Tarek Mansour, CEO of prediction market exchange Kalshi, says Donald Trump Jr. has never made a regulatory ask on the platform’s behalf, pushing back on conflict-of-interest concerns as monthly trading volume surges past $12 billion.
Trump Jr. was hired as a Kalshi strategic advisor shortly after inauguration day.
He is also an investor and advisor to rival Polymarket. “We have never asked for any favors and he has never done anything, any regulatory ask, nothing like that,” Mansour said in a new interview.
Sports Share Is Falling, But That’s The Point
Sports contracts still make up roughly 70% of volume, down from over 90% recently.
Mansour defended that remaining share directly: sports betting, he argued, works like options in traditional markets, generating the liquidity that makes Kalshi’s economics and politics contracts viable.
Kalshi co-founder Luana Lopes Lara flagged tech layoff contracts as among the fastest-growing markets, up over 20% week over week.
She highlighted a …
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