Donald Trump Jr. Out as Kalshi Adviser Following Midterms
Prediction market Kalshi has terminated its paid advisory contract with Donald Trump Jr., following the midterm elections and a Democratic sweep that expanded their majority in Congress. A company spokesman stated that the president's eldest son is no longer an adviser because he has become a major investor in competing platform Polymarket. The separation concludes a high-profile industry partnership amid broader political shifts in Washington, where allies of President Donald Trump face heightened scrutiny following the recent congressional election results.
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- ✓ Kalshi ended its advisory contract with Donald Trump Jr., according to statements from the prediction market and media reports.
- ✓ A Kalshi spokesman stated that the president's eldest son is no longer a paid adviser because he is a major investor in competitor Polymarket.
What changed
Kalshi ended its advisory relationship with Donald Trump Jr. due to his investment in rival prediction market Polymarket.
Live updates
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Kalshi Cuts Ties With Donald Trump Jr. After Midterms
Prediction market Kalshi has terminated its paid advisory contract with Donald Trump Jr., following the midterm elections and a Democratic sweep that expanded their majority in Congress. A company spokesman stated that the president's eldest son is no longer an adviser because he has become a major investor in competing platform Polymarket. The separation concludes a high-profile industry partnership amid broader political shifts in Washington, where allies of President Donald Trump face heightened scrutiny following the recent congressional election results.
Why it matters
The departure follows the midterm elections where Democrats secured significant legislative gains, setting up potential congressional investigations into allies of President Donald Trump. Prediction markets like Kalshi and competitor Polymarket have experienced explosive growth and increased public attention amid regulatory scrutiny and political betting interest. The leadership changes reflect corporate adjustments as political figures navigate overlapping commercial stakes in the financial and forecasting sectors.
What is confirmed
- Kalshi ended its advisory contract with Donald Trump Jr., according to statements from the prediction market and media reports.
- A Kalshi spokesman stated that the president's eldest son is no longer a paid adviser because he is a major investor in competitor Polymarket.
What to watch next
- Any official statements from Donald Trump Jr. or Polymarket regarding his investment and role
- Potential congressional inquiries concerning political allies following the Democratic midterm victories
confidence 100%Sources used for this update (16)
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