CNA · 2026-11-12 20:40 UTC

Exclusive-Kalshi ends Donald Trump Jr's advisory contract over Polymarket conflict

Kalshi has ended its advisory contract with Donald Trump Jr., which it had named him to in January 2025, after his venture capital firm 1789 Capital increased its stake in rival Polymarket. A Kalshi spokesperson said the decision was mutual, that talks began in August after 1789 led Polymarket's latest funding round, and that no political considerations factored in, though two sources said some internal concerns about a Democratic sweep were raised. Democrats' sweep of Congress could bring more scrutiny of prediction markets, with proposals to curb insider trading and ban bets on military…

Loading the story on Tree News…