Donald Trump Jr. exits advisory role at prediction market Kalshi
Summary
Donald Trump Jr. ended his paid advisory role at prediction market company Kalshi. Kalshi said the decision followed his investment firm 1789 Capital’s increased investment in competitor Polymarket.Key Facts
- Kalshi said the two sides mutually agreed to end Trump Jr.’s advisory role.
- Trump Jr. became a paid strategic adviser to Kalshi after President Donald Trump began his second term in January 2025.
- Trump Jr. has invested in Polymarket since August 2025.
- 1789 Capital increased its investment in Polymarket in August 2026 as part of the company’s latest fundraising round.
- Kalshi said the Polymarket investment prompted discussions about ending Trump Jr.’s role.
- Kalshi and Polymarket have sought to expand prediction markets nationwide, including sports-related contracts.
- The Commodity Futures Trading Commission has backed efforts to expand the industry’s products nationwide.
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