EXCLUSIVE: Kalshi ends Donald Trump Jr's advisory contract due to Polymarket conflict
Prediction market platform Kalshi has terminated its advisory contract with Donald Trump Jr following a conflict of interest involving rival platform Polymarket. The split occurred after Trump Jr's venture capital firm, 1789 Capital, increased its financial stake in Polymarket. The departure follows the recent midterms and concludes an advisory role that had previously linked the prominent political figure to the regulated exchange. Kalshi confirmed the termination directly to news agencies, citing the direct business competition and investment overlap with Polymarket as the sole reason for cutting ties.
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- ✓ Kalshi ended its advisory contract with Donald Trump Jr due to a conflict of interest involving Polymarket.
- ✓ The contract termination followed Donald Trump Jr's venture capital firm, 1789 Capital, increasing its stake in Polymarket.
What changed
Kalshi officially ended its advisory contract with Donald Trump Jr after his venture capital firm increased its investment in rival platform Polymarket.
Live updates
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Kalshi Terminates Donald Trump Jr Advisory Contract Over Polymarket Stake
Prediction market platform Kalshi has terminated its advisory contract with Donald Trump Jr following a conflict of interest involving rival platform Polymarket. The split occurred after Trump Jr's venture capital firm, 1789 Capital, increased its financial stake in Polymarket. The departure follows the recent midterms and concludes an advisory role that had previously linked the prominent political figure to the regulated exchange. Kalshi confirmed the termination directly to news agencies, citing the direct business competition and investment overlap with Polymarket as the sole reason for cutting ties.
Why it matters
The termination highlights the fierce commercial rivalry within the fast-growing prediction market sector as major platforms compete for market share and high-profile backing. Venture investments involving political figures increasingly intersect with regulatory and commercial strategies in the fintech and betting industries. Kalshi operates as a federally regulated financial exchange, while Polymarket has scaled significantly as a crypto-based prediction platform.
What is confirmed
- Kalshi ended its advisory contract with Donald Trump Jr due to a conflict of interest involving Polymarket.
- The contract termination followed Donald Trump Jr's venture capital firm, 1789 Capital, increasing its stake in Polymarket.
What to watch next
- Further statements from 1789 Capital regarding its investment strategy in prediction markets
- Any potential legal or contractual disputes arising from the termination of the advisory agreement
confidence 100%Sources used for this update (13)
- www.ms.now — MS NOW (formerly MSNBC) - US News Today | Breaking News
- consent.yahoo.com — Latest news and current events updates | Yahoo News Singapore
- www.dzrh.com.ph — DZRH news
- www.channelnewsasia.com — NATO general sets out tough military response to any 'foolish' Russian attack - CNA
- digg.com — Microsoft, Alphabet and 14 others object to OKXICE’s tokenized-stock plans · Digg
- www.thestar.com.my — AI worries expose dollar's hot-money problem
- Reuters — EXCLUSIVE: Kalshi ends Donald Trump Jr's advisory contract due to Polymarket conflict
- CNBC — Donald Trump Jr. exits advisory role at Kalshi prediction market
- Bloomberg.com — Donald Trump Jr. Out as Kalshi Adviser Following Midterms
- Quartz — Kalshi is dropping Donald Trump Jr. as an advisor over Polymarket conflict
- Politico — Donald Trump Jr. ends Kalshi advisory role
- sg.finance.yahoo.com — Exclusive-Kalshi says it ended Donald Trump Jr's advisory contract over Polymarket conflict
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