Kalshi onboards ex-Democratic strategist amid legal troubles

Kalshi, a prediction market platform, has hired former Democratic strategist and political consultant David Axelrod as a senior advisor amid ongoing legal challenges. The company is currently facing scrutiny from regulators regarding its operations and compliance with trading laws. Axelrod's expertise in political strategy is expected to bolster Kalshi's efforts to navigate these legal issues and enhance its market positioning. The move comes as Kalshi seeks to expand its influence in the prediction market space despite regulatory hurdles.

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