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Trump's family being on the board is alarming for another reason. There are several markets about the president's actions that often involve missiles.
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If the goal is to profit off of bombing other countries, why do you need Kalshi?

If you have advance knowledge of an attack, there are much less conspicuous ways to profit off that.

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Nothing this administration does is subtle, inconspicuous or thought out.
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> there are much less conspicuous ways to profit

What about this administration makes you think that's important to them?

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What's the less conspicuous way? Oil futures are more conspicuous. Though I'll bet he's doing that for someone less directly connected.
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These people are seasoned grifters. They don't look for one big winning ticket, but rather multiple streams. A million here, a million there, pretty soon you're talking real money. For your rank-and-file workers that's serious.
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"can't be brazen corruption because it's too obviously brazen corruption"
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Like what?
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It's just another avenue for grift. In corrupt governments, the people up top ration out minor grifts to subordinates to keep them loyal.
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Who cares about being conspicuous anymore? The president openly takes crypto bribes...
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These venues do not have enough liquidity to attract Trump and his cronies. There might be people lower down the food chain who are taking advantage though.
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Don Jr made bets on these same sites, as did so many WH personnel.
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> They know what they are doing is illegal

This is a bad take. What they are doing is quite obviously legal right now. Federal law trumps state law and the feds have an opinion, despite being weird and controversial.

There are a number of ongoing legal battles about the federal laws but until they work their way through the courts, it's "legal". Also, it could all get resolved with a new presidential administration in two years. This is the correct solution.

We shouldn't cheer for personal prosecutions over definitionally legal activity. Nothing good will come of it. See also: Sending mifepristone across state lines, or traveling out of state for abortions.

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> What they are doing is quite obviously legal right now. Federal law trumps state law…

No. There's no "states must permit gambling" Federal law for state bans to conflict with currently; states are free to ban it.

https://en.wikipedia.org/wiki/Gambling_in_the_United_States

"While gambling is legal under U.S. federal law, there are significant restrictions pertaining to interstate and online gambling, as each state is free to regulate or prohibit the practice within its borders."

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"What they are doing is quite obviously legal right now. Federal law trumps state law and the feds have an opinion..."

Federal law does not categorically trump state law.

https://en.wikipedia.org/wiki/Federal_preemption

Whether pre-emption applies in this case depends on whether the courts accept Kalshi/Polymarket's claim that they operate a futures trading platform, not a gambling platform. If and only if that claim is accepted is there a pre-emption argument, and only then would the opinion of the Commodity Futures Trading Commission be relevant.

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And while that is winding through the legal system, courts have decided that Kalshi/Polymarket can continue to operate. That might change in the future, but it is the present reality.

As long as the business is legal to operate, there is no justification for criminally prosecuting the people engaged in that business.

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