Kalshi Is Cozy With Trump — But It’s Ramping Up Dem Hires and Campaign Spending

Kalshi is expanding its ties with Democrats as prediction markets face growing scrutiny in Washington. A new report says the company’s hires and political donations form part of a bipartisan effort to build support for its policy agenda, alongside its relationships with the Trump administration.

Since the start of the year, Kalshi has hired two former Biden White House officials, including lobbyist John Bivona and policy adviser Stephanie Cutter. Its co-founders have donated nearly $1 million to federal candidates, with $377,000 going to Democrats, including Senator Kirsten Gillibrand. The activity comes as lawmakers raise concerns about betting on elections and suspicious trades, and as observers anticipate congressional investigations.