Kalshi ends Donald Trump Jr. advisory role after Polymarket deal
In short
Kalshi ended Donald Trump Jr.'s advisory role after 1789 Capital invested in rival Polymarket. The prediction market operator said the split was mutual and denied that politics played a role.
The move comes as Kalshi and Polymarket compete in prediction markets. It may matter because it involves a well-known Trump family figure and a rival investment deal.
What the reporting says
The prediction market operator said the decision was mutual and denied political considerations. The move follows a reported investment in Polymarket by 1789 Capital, the venture firm tied to Trump Jr.
Why it matters
The company said the split was mutual and denied political reasons. The event affects Kalshi, Polymarket and 1789 Capital, and may be watched by prediction market traders and crypto-linked market participants given the competitive overlap between the platforms.