Trump Jr. out as Kalshi advisor after his firm's big investment in Polymarket
Summary
Donald Trump Jr. and Kalshi agreed to end his advisory role after his venture capital firm, 1789 Capital, invested in Polymarket, a competitor. Trump Jr. may retain a financial interest in Kalshi, while also having ties to Polymarket through 1789 Capital and an advisory role.Key Facts
- Kalshi said it and Trump Jr. mutually agreed to end his advisory role.
- Kalshi said 1789 Capital’s investment in Polymarket complicated Trump Jr.’s work with both competing prediction-market companies.
- 1789 Capital invested $300 million in Polymarket in August 2026, after making a smaller investment in August 2025.
- Trump Jr. joined Kalshi as a strategic adviser in January 2025.
- The Financial Times reported that Kalshi gave Trump Jr. about $300,000 in company equity when he joined.
- Kalshi was reportedly in talks for a funding round that could value the company at $65 billion.
- The Commodity Futures Trading Commission has sued 11 states to challenge their regulation of prediction markets.
- State attorneys general have accused Kalshi of operating an illegal gambling business.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
