Kalshi Hires Former Democratic Strategist Stephanie Cutter Amid Legal Challenges

Kalshi announced that Stephanie Cutter, a former staffer for President Barack Obama, will join the company as a policy adviser. Cutter, who co founded communications firm Precision Strategies in 2013, is expected to help Kalshi “deepen its relationships in DC and across the country,” according to the company’s Thursday notice.

Kalshi co founder and CEO Tarek Mansour emphasized Cutter’s experience in government and politics, saying she can “get [the] message to the right people.” The platform already has staff with government connections, including Donald Trump Jr., who joined as a strategic adviser in January 2025, just before his father took office.

Legal Scrutiny and Regulatory Challenges

Kalshi has faced heightened regulatory scrutiny over the past year. Several US state authorities have filed lawsuits alleging that the company’s event contracts constitute illegal bets. Meanwhile, the US Commodity Futures Trading Commission (CFTC), under Trump nominee Michael Selig, has asserted “exclusive jurisdiction” over such markets and filed suits against state regulators.

Congressional Democrats have also called for closer oversight, citing “suspicious trades” related to geopolitical events, including the US invasion of Iran. In response, Kalshi and Polymarket have introduced guardrails to prevent the use of insider information. As of Friday, no federal legislation has been signed, and the outcome of ongoing state-level lawsuits remains uncertain.

Disclaimer

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