Posted on: April 2, 2026, 05:11h.
Last updated on: April 2, 2026, 05:11h.
Kalshi has named a former campaign manager to Barack Obama as the prediction market’s newest policy advisor.
Stephanie Cutter gives an interview during day one of the Democratic National Convention at Time Warner Cable Arena in Charlotte, NC, on Sept. 4, 2012. Cutter has been named by Kalshi as a policy advisor. (Image: Getty)Stephanie Cutter is a longtime Democratic strategist who has worked with Presidents Bill Clinton and Barack Obama. She joined the Obama campaign in 2008 and served as his senior advisor and the chief of staff to Michelle Obama while she was first lady.
Cutter’s newest gig is assisting Kalshi, the prediction market that has generated controversy since it launched sports event contract trading on its platform last year. Kalshi’s venturing into political outcomes has also faced backlash, but under the second Trump administration, the Commodity Futures Trading Commission (CFTC) has moved to provide a regulatory footing for both sports and election trading.
Cutter will aid Kalshi in deepening its relationships in Washington, DC.
“I’ve spent my career at the intersection of media, politics, and business, where noise and polarization often obscure the truth. Data cuts through that,” Cutter said.
“Kalshi gives millions of Americans a data-driven alternative to opinion and guesswork, and they do it responsibly. In a world drowning in opinion, prediction markets are one of the few places where the data has real skin in the game, and I want to help Kalshi own that story,” she added.
Kalshi’s release on Cutter left out that she also worked on Kamala Harris’ 2024 campaign, where she was an architect of the vice president’s White House run.
Bipartisan Advisors
Cutter joins Kalshi, a company that also has Donald Trump Jr. on its advisory board. The president’s eldest son was named a strategic advisor in January 2025.
Some in Washington think prediction markets’ rise could be reversed once a Democrat lands in the White House. Democrats have introduced numerous pieces of legislation in Congress that seek to exclude sports event contract trading from CFTC-regulated exchanges. The bills additionally seek to prohibit DC insiders from participating and to outlaw contract trading involving acts of war and terrorism.
Kalshi bringing aboard Cutter could be a risk-management strategy, similar to a hedge bet, to protect the future of prediction markets.
Stephanie Cutter is the person you want on your team. She understands better than most how to cut through the noise and get your message to the right people,” said Kalshi co-founder and CEO Tarek Mansour. “I’m excited to learn from her.”
Cutter is a managing partner at Precision Strategies, a DC-based strategic communications and marketing agency
Kalshi Politics
Kalshi, like its primary competitor, Polymarket, offers contracts on an array of political events and elections. Using the so-called “wisdom of the crowd,” the prediction markets claim their odds are more accurate than polls for predicting races.
“Prediction markets harness the power of the wisdom of the crowds, creating data that can effectively complement polling and expert opinion. Kalshi offers financial markets on the outcome of real-world events such as elections, macroeconomic signals, sports, and more. It’s widely credited with building prediction markets into a regulated asset class and building a safe, legal, regulated platform for millions of traders in America,” Kalshi claims.
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