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Donald Trump Jr exits as paid adviser for prediction market Kalshi

Donald Trump Jr exits as paid adviser for prediction market Kalshi

Also reported by The Hill, ABC News

Full coverage (3 outlets)

Summary

Donald Trump Jr. has ended his paid advisory role with prediction market company Kalshi. The company said the decision was mutual and followed his investment firm’s increased investment in competitor Polymarket.

Key Facts

  • Kalshi said Trump Jr.’s advisory role ended after 1789 Capital made a significant investment in Polymarket.
  • 1789 Capital increased its investment in Polymarket in August 2026 as part of the company’s latest fundraising round.
  • Trump Jr. became a paid strategic adviser to Kalshi shortly after Donald Trump began his second presidential term in January 2025.
  • Trump Jr. has been an investor in Polymarket since August 2025.
  • Kalshi said Trump Jr. helped the company market its services to more customers.
  • The Commodity Futures Trading Commission has supported efforts to expand prediction market products nationwide, including sports-related contracts.
  • Kalshi and Polymarket have denied that their financial ties to the Trump family influenced regulation of the industry.
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