Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters

Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters

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Prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr.

after his venture capital firm increased its investment in rival Polymarket, Reuters reported Thursday.

A Kalshi spokesperson told Reuters that talks about ending Trump Jr.’s advisory role began in August, after Trump Jr.’s venture capital firm, 1789 Capital, took the lead on Polymarket’s $1 billion funding round.

The round would value the company at $21 billion, with 1789 Capital set to contribute about $300 million.

“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson said.

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