COINDESK · 2026-11-12 21:07 UTC

Kalshi ends Donald Trump Jr.'s advisory contract over 1789 Capital's Polymarket investment

Kalshi ended its advisory contract with Donald Trump Jr. after his firm, 1789 Capital, led Polymarket's most recent funding round in August, according to a Kalshi spokesperson. Trump Jr. had joined Kalshi as a strategic adviser in January 2025 and held an equity stake reportedly worth about $300,000. Democratic lawmakers, including Sen. Catherine Cortez Masto and Rep. Ro Khanna, criticized prediction markets and the CFTC's defense of their sports products.

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