From The Economic Times · Reuters · · 1m
Kalshi Ends Trump Jr's Advisory Role Over Polymarket Investment
Kalshi terminated Donald Trump Jr's advisory contract after his firm invested in rival Polymarket.
In brief
Kalshi terminated Donald Trump Jr's advisory contract after his firm invested in rival Polymarket. Kalshi ended Donald Trump Jr's advisory role due to his venture capital firm's stake in competitor Polymarket. Originally reported by The Economic Times.
Kalshi Ends Trump Jr's Advisory Contract
Kalshi has ended its advisory contract with Donald Trump Jr after his venture capital firm 1789 Capital increased its stake in arch-rival Polymarket.
Contract Termination Reason
The decision followed 1789 Capital's significant investment in Polymarket this past summer, starting conversations in August.
Trump Jr's Previous Role
Trump Jr was named Kalshi's strategic advisor in January 2025 and received a $300,000 stake in the company.
Prediction Markets Context
Prediction markets gained prominence in 2024 by signaling a Trump victory, with Kalshi boasting about poll accuracy.
Political Scrutiny Ahead
Democrats in the US Congress plan heightened scrutiny of prediction markets, including Senator Elizabeth Warren's vow to crack down on insider trading.
What it means
Kalshi ended Donald Trump Jr's advisory role due to his venture capital firm's stake in competitor Polymarket.
