COINTELEGRAPH · 2026-11-12 22:05 UTC

Kalshi ends Donald Trump Jr. advisory role over Polymarket investment

Kalshi has ended its advisory relationship with Donald Trump Jr. after his firm 1789 Capital led a $1 billion funding round at rival Polymarket, valuing it at $21 billion. 1789 Capital is set to contribute about $300 million to the Polymarket round, according to the article. A Kalshi spokesperson said the two sides mutually agreed to end the role and that political considerations played no part, while two people familiar told Reuters some at Kalshi worried about Democrats' midterm sweep of Congress.

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