Kalshi’s Top Lawyer Jumps to DOGE
Kalshi’s legal ace, Eliezer Mishory, is out the door, swapping his gig at the prediction market firm for a spot with DOGE at the U.S. Securities and Exchange Commission (SEC).
Mishory Heads to SEC Role
Bloomberg reported that Mishory, who served as Kalshi’s general counsel and chief regulatory officer, got tapped by Elon Musk’s Department of Government Efficiency (DOGE) to liaise with the SEC. He landed access to the agency’s Washington HQ last Friday, per an SEC memo to staff about DOGE personnel integration.
A former Commodity Futures Trading Commission (CFTC) staffer under ex-commissioner Brian Quintenz, now a Kalshi board member since 2021, he’s stepping into a federal shake-up as the SEC sheds hundreds and retools, per agency insiders.
Quintenz, tapped by Trump in February to lead the CFTC, likely paved the connection, per industry buzz.
Tough Timing for Kalshi
This exit stings for Kalshi. The New York-based firm, big on event betting like March Madness outcomes, is under fire from states. Nevada, New Jersey, Ohio, and Illinois hit Kalshi with cease-and-desist letters in March and April, per state gaming filings, calling its $200 million in 2025 sports trades unlicensed gambling.
Connecticut’s Department of Consumer Protection (DCP) piled on, launching a probe last fall into whether Kalshi’s operations break state law, details still murky.
Kalshi’s fighting back, suing Nevada and New Jersey over those C&D letters, arguing its CFTC green light from 2024 trumps state rules. But losing Mishory, who helped steer that federal win, leaves a gap as the firm juggles legal battles and a $2 billion trade haul since 2021.
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