Tech

Kalshi ditches Trump Jr. as advisor; CEO admitted "optics" weren't good

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 20:13:23 UTC.

Briefings

Kalshi terminated Donald Trump Jr.'s advisory role following his venture capital firm's substantial investment in the platform's competitor, Polymarket. Kalshi stated in a statement that the mutual agreement ended the partnership after the investment occurred in the summer of 2025. Trump Jr. retained a financial interest in Kalshi, which has benefited from ongoing Trump administration support for prediction markets.

Key points

• Donald Trump Jr.'s advisory role with Kalshi ended after his VC firm made a significant investment in Polymarket.
• Kalshi received approximately $300,000 in equity from Trump Jr.'s firm upon joining as a strategic adviser in early 2025.

Context

Kalshi, a prediction market platform, terminated Donald Trump Jr.'s advisory role following his venture capital firm's substantial investment in the platform's competitor, Polymarket. The partnership ended after the investment occurred in the summer of 2025. Trump Jr. retained a financial interest in Kalshi, which has benefited from ongoing Trump administration support for prediction markets.

Limitations

Evidence is limited to a single statement from Kalshi and a report from the Financial Times regarding the termination and equity transfer. No specific dates for the Polymarket investment beyond 'summer 2025' are provided, and the exact nature of the financial interest beyond equity is not detailed.

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