Trump Jr. out as Kalshi advisor after his firm's big investment in Polymarket
Trump son advised Kalshi and got equity while Trump admin helped Kalshi in lawsuits.
Donald Trump Jr. agreed to end his advisory role with the prediction market Kalshi shortly after Trump Jr.'s venture capital firm made a large investment in its competitor, Polymarket.
“We have mutually agreed to end Don's advisory role after his firm's significant investment in a competitor this past summer. We are grateful for his contributions in helping us market Kalshi to more customers," Kalshi said in a statement provided to Ars and other news outlets this week.
Trump Jr. may still have a financial interest in Kalshi, which has benefited from the Trump administration's legal and regulatory support for prediction markets. Trump Jr. "was handed about $300,000 worth of equity in Kalshi after joining the prediction market platform as a strategic adviser in early 2025," the Financial Times reported in June.
This story was first published by Ars Technica. Read the original report