Donald Trump Jr. exits advisory role at prediction market Kalshi
Donald Trump Jr. has terminated his paid advisory role at Kalshi, a prediction market company, according to a statement issued by the company on Thursday. The decision came after 1789 Capital, Trump Jr.'s investment firm, decided to increase its investment in Polymarket, Kalshi's primary competitor. Kalshi's spokesperson, Dani Lever, expressed gratitude for Trump Jr.'s contributions in promoting Kalshi to potential customers during his tenure.
The termination of his advisory role followed a week when Democrats gained control of both the House and Senate in the midterm elections, with Democrats planning to investigate the Trump family's investments and business relationships with both prediction markets.
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- Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters cointelegraph.com
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- Kalshi cuts ties to Donald Trump Jr after Democrats’ midterm sweep ft.com
- Donald Trump Jr. Leaves Kalshi Advisory Role Over Conflict With Polymarket forbes.com
- Donald Trump Jr. out of adviser role at Kalshi - report seekingalpha.com
