Kalshi ends Donald Trump Jr advisory role over Polymarket tie
In short
Kalshi ended Donald Trump Jr.’s advisory role by mutual agreement after his firm, 1789 Capital, increased its stake in rival Polymarket. Talks started after 1789 Capital led Polymarket’s latest funding round.
The change matters because Kalshi and Polymarket compete in the prediction-market business. It removes a potential conflict tied to Trump Jr.’s investment firm.
What the reporting says
Kalshi has ended Donald Trump Jr.’s advisory role by mutual agreement after his venture-capital firm, 1789 Capital, increased its investment in rival Polymarket. Discussions began after 1789 Capital led Polymarket’s latest funding round, according to a Kalshi spokesperson. The move highlights a conflict around competing prediction-market platforms.
Why it matters
Kalshi ended Donald Trump Jr.’s advisory contract by mutual agreement after 1789 Capital increased its investment in rival Polymarket. A Kalshi spokesperson said discussions followed 1789 Capital’s role in Polymarket’s latest funding round. The development affects two prediction-market platforms and underscores a conflict created by overlapping business interests.