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Kalshi hires Obama adviser

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Mueller, E. (2026, October 28). Kalshi hires Obama adviser. Semafor. https://www.semafor.com/article/10/28/2026/kalshi-hires-former-obama-adviser

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Semafor · collected 2026-10-28 · by Eleanor Mueller

Quick Summary

Kalshi, a prediction market platform, has hired Eric Schultz, a former advisor to President Obama, as political strategist. This move comes amid users predicting a high likelihood of Democratic victories in upcoming midterms. The company is bolstering its team with several other Democrats and is facing potential regulatory scrutiny from lawmakers who have questioned the previous administration's approach to prediction markets.
Written by AI on 2026-10-28, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Kalshi, a company known for political prediction markets, recently hired Eric Schultz, a top adviser to former President Barack Obama. This move is seen as an indication that companies expect Democrats to win significant majorities in the upcoming midterms. Kalshi users predict a 91% chance of Democrats securing a majority in the House and a 65% chance for a Democratic Senate majority. Despite these forecasts, prediction markets may face increased scrutiny from lawmakers who are skeptical of their influence. Schultz previously served as Obama’s deputy White House press secretary and has maintained his own consulting firm since leaving office. Kalshi declined to comment on Schultz's role within the company.

Written for “Kalshi Hires Obama Adviser” on 2026-10-29, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Kalshi Hires Obama Adviser
Politics · 1 article(s) covering the same event.

Compared with similar articles

Nothing to compare against. No article is close enough to this one for the pipeline to have linked or judged the pair.
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
15
sentences that state something as happening or true
Uncertain
20%
3 of 15 hedged ("reportedly", "may", "according to")
Leaning
Leans strongly left
of the writing, not the subject · beta estimate
Publisher signals
60/100
Semafor's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-28 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Semafor · 1358 article(s) · 1 correction(s) detected
Running correction rate · 1 correction(s)

Who wrote this

Eleanor Mueller
32 article(s) here · 1 carrying a prediction
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🔮 Schultz’s hiring comes as Kalshi users forecast a 91% chance that Democrats win a majority in the House and a 65% chance of a Democratic Senate majority.
2026-10-28 · assertive framing · Kalshi hires Obama adviser
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Also by Eleanor Mueller
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All 32 articles by Eleanor Mueller →

Topics

Democratic Democrats House Kalshi Semafor

Subjects

Kalshi ORG · 6× Democratic NORP · 5× Democrats NORP · 4× Trump PERSON · 4× Obama PERSON · 3× Schultz PERSON · 3× Semafor ORG · 3× Congress ORG · 2× House ORG · 2× Senate ORG · 2×

Narrative

The Scoop Kalshi has hired one of former President Barack Obama’s top advisers, political strategist Eric Schultz, a person familiar with the matter told Semafor — the latest sign of companies anticipating Democratic victories in Tuesday’s midterms.
framing: assertive · carried by 1 article(s) · first seen 2026-10-28
🔮 Schultz’s hiring comes as Kalshi users forecast a 91% chance that Democrats win a majority in the House and a 65% chance of a Democratic Senate majority.
2026-10-28 · Semafor
Kalshi hires Obama adviser · assertive framing

Claims (15 extracted, 3 hedged)

The Scoop Kalshi has hired one of former President Barack Obama’s top advisers, political strategist Eric Schultz, a person familiar with the matter told Semafor — the latest sign of companies anticipating Democratic victories in Tuesday’s midterms. asserted
person → hire → midterms
Schultz’s hiring comes as Kalshi users forecast a 91% chance that Democrats win a majority in the House and a 65% chance of a Democratic Senate majority. asserted
Democrats → come → majority
No matter how well Democrats perform, prediction markets may find themselves facing tougher scrutiny in the next Congress, since lawmakers in both parties have expressed skepticism of the Trump administration’s favorable regulatory approach. uncertain
lawmakers → perform → approach
Kalshi declined a request for comment. asserted
Kalshi → decline → comment
It’s unclear whether Schultz, who did not return a request for comment, will be working in- or out-of-house, though he has maintained his own consulting firm since Obama left office. uncertain
Obama → ’ → office
Schultz, who previously served as Obama’s deputy White House press secretary, is one of several Democrats the firm has brought on this year. asserted
firm → serve → Democrats
It has also tapped another Obama aide, Stephanie Cutter, as well as former Biden administration official John Bivona. asserted
It → tap → aide
Businesses in adjacent industries are also stockpiling Democratic lobbyists — and occasionally phasing out Republican hands — in preparation for 2027. asserted
Businesses → stockpile → 2027
Veteran GOP adviser Joel Kaplan recently announced his departure as Meta’s global policy chief, while OpenAI recently hired Jessica Schumer, daughter of the Senate Democratic leader, to focus on the Northeast. asserted
OpenAI → announce → Northeast
Kalshi’s Democratic firepower extends to its legal team: Neal Katyal, the attorney who convinced the Supreme Court to strike down President Donald Trump’s tariffs, is representing the prediction market in its legal battle against states and tribes. asserted
who → extend → states
The Kalshi-backed Coalition for Prediction Markets is represented by the Biden administration’s solicitor general, Elizabeth Prelogar, and helmed by a former House Democrat, Rep. Sean Patrick Maloney of New York. asserted
Coalition → back → York
Some of the company’s new hires could get pulled back into politics next year if Democrats choose to dig into the Trump administration’s involvement with prediction markets. uncertain
Democrats → pull → markets
Maloney, who twice voted to impeach Trump, at the time called for Kalshi and Polymarket investor Donald Trump Jr. to testify before Congress. asserted
Kalshi → vote → Congress
Notable - Kaplan’s selection as global policy chief in early 2025 left Meta “well-placed for a Republican-dominated Washington,” Semafor reported at the time. asserted
Semafor → leave → time
- Trump’s top prediction market regulator told Semafor that he’s weighing further legal action against states that try to regulate the industry. asserted
that → tell → industry
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