Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters
The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.
Prediction market operator Kalshi has parted ways with Donald Trump Jr. as an advisor following his venture capital firm's investment in rival Polymarket, according to Reuters. The decision was reportedly mutual and came after Trump Jr.'s firm, 1789 Capital, took the lead in Polymarket's $1 billion funding round, which valued the company at $21 billion.
The announcement came after talks about ending Trump Jr.'s advisory role began in August. Kalshi's spokesperson stated that political considerations were not a factor in the decision, although some within the company had expressed concerns about the potential impact of Democrats' midterm victory on the business. Trump Jr. joined Kalshi as a strategic adviser in January 2025 and was granted an equity stake valued at $300,000 at the time, per the Financial Times.
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