Prediction market platform Kalshi is getting a boost from Elon Musk.
Musk’s artificial intelligence company xAI will provide Kalshi’s users with tailored AI-generated insights to help inform their trading activity on the platform.
Bloomberg first reported the news on Tuesday and Kalshi Founder Tarek Mansour confirmed it shortly afterward. A Kalshi spokesperson affirmed the news to SBC Americas on Tuesday.
“No one has fought for truth harder than Elon Musk,” wrote Mansour on X in a since-deleted tweet. “He has inspired me at every step. I could not be more excited to announce Kalshi’s upcoming partnership with xAI to further take prediction markets mainstream. Together, we’ll shape the future of news and information.”
Bloomberg reports that xAI will use modeling trained in part on content from Musk’s X social media platform (formerly Twitter), on which xAI operates the Grok tool. The xAI tech will process news articles and historical data to help inform Kalshi users when trading on real-world events.
A Kalshi spokesperson confirmed to SBC Americas that the new partnership will encompass all contracts on the Kalshi website. xAI and Kalshi reportedly are each dedicating “significant engineering resources” to power the partnership.
This is not the first major partnership for Kalshi this year. In March, it teamed up with Robinhood to launch an in-app prediction market hub that includes sports. The xAI integration will only be present on Kalshi’s own platform, not on partner platforms like Robinhood.
Move strengthens Kalshi’s ties with Trump administration
The move also further strengthens Kalshi’s ties to the Trump administration, given that Musk serves as an advisor to the president and also as a figurehead of the new Department of Government Efficiency (DOGE).
Trump’s son, Donald Trump Jr., joined Kalshi as a senior advisor back in January. At that time, Mansour said that he couldn’t “think of anyone better” to help Kalshi’s mission, which the CEO argues is to be a large and powerful source of truth.
And Brian Quintenz, a former Commodity Futures Trading Commission (CFTC) commissioner nominated by President Trump to serve as the new chief of the federal derivatives regulator, is on the board at the company.
Kalshi’s former General Counsel, Eliezer Mishory, joined DOGE earlier this year.
This all comes after Kalshi was hit with several cease-and-desist orders from various U.S. state gaming regulators, some of whom argue that Kalshi’s sports contracts equate to unlicensed sports betting. Kalshi has filed lawsuits against the regulators in Maryland, Nevada and New Jersey.
The status of the CFTC and Trump’s influence on the organization has been the subject of much debate in the gaming industry recently, including at an SBC Summit Americas panel last week.
