With casino empire gone, Trump family bets on prediction markets
By Steve Contorno
Published on March 21, 2026.
The Trump family is betting on prediction markets, a rapidly growing industry where people can bet on almost anything. The president's oldest son, Donald Trump Jr., is an adviser to the two largest prediction market companies, Kalshi and Polymarket, and is an investor in the latter. The family's involvement in prediction markets has led to scrutiny from ethics watchdogs and conflict with the casino industry. The Commodity Futures Trading Commission is working to shield these markets from state laws that regulate or ban sports-betting, as they're regulated differently than gambling. Casino operators have expressed concern as prediction markets have grown, cutting into their business in ways illegal. The White House responded by stating that the only special interest guiding the administration's decision-making is the best interest of the American people.
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