NYPOST · 2026-11-12 20:03 UTC

Kalshi says it's cutting ties with Donald Trump Jr. over his firm's big investment in rival Polymarket

Kalshi said Thursday it has ended its advisory relationship with Donald Trump Jr. after his venture firm 1789 Capital led a major funding round in rival Polymarket and invested $300 million in it over the summer. Kalshi said the two sides mutually agreed to part ways, and began discussing it in August, according to Reuters. Trump Jr. had been named a strategic advisor to Kalshi in January 2025 and received an equity stake valued at $300,000 at the time.

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