Ex-Kalshi lawyer acting as DOGE's representative at the SEC, sources say
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People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
By Douglas Gillison and Chris Prentice
(Reuters) -Elon Musk's Department of Government Efficiency has tasked Eliezer Mishory from the New York prediction markets and sports wagering firm Kalshi, to be a point person for the U.S. Securities and Exchange Commission, according to people briefed on the matter.
Mishory, a former official from the Commodity Futures Trading Commission, gained access to the agency's Washington headquarters on Friday, the sources said, when the SEC first informed employees that it was bringing on DOGE staff and granting them access to agency systems, subject to conditions.
One of the sources said Mishory's conversations have so far been constructive. Bloomberg reported earlier Wednesday that Mishory had stepped down as Kalshi general counsel to take the DOGE position.
An SEC spokesperson declined to comment. Mishory and representatives for the White House and Kalshi did not immediately respond to requests for comment.
DOGE's arrival at Wall Street's top regulator comes at a moment of unprecedented change across the federal government.
The SEC is in the midst of a staff exodus of hundreds due to conclude by the end of this week, sparking worry among some staff that the agency will have diminished capacity to perform its core work overseeing and policing U.S. capital markets, and on Wednesday unveiled a reorganization plan, a response to an order by Trump to the agencies to streamline themselves.
Mishory previously served on the staff of Brian Quintenz, a former CFTC member whom Trump tapped in February to lead that agency and who has also been a Kalshi board member since 2021, according to his LinkedIn profile.
Quintenz did not respond to an email seeking comment.
(Reporting by Douglas Gillison in Washington and Chris Prentice in New York;Editing by Marguerita Choy and Chizu Nomiyama)
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