Kalshi drops Trump Jr. days after senators flagged ties
He still sits on rival Polymarket’s advisory board, a seat he took after his firm 1789 Capital invested.
The hit
Kalshi has ended Donald Trump Jr.’s adviser contract, a company spokesperson told Reuters. The exit came two days after senators Elizabeth Warren & Jeff Merkley publicly flagged his financial ties to prediction markets. Kalshi gave no reason for the move.
Why it matters
The split doesn’t clear Trump Jr. of scrutiny. He reportedly got $300,000 in Kalshi shares when the company was valued under $2bn, before it raised at $22bn & held talks near $40bn. Whether he keeps those shares is unclear. He also remains on rival Polymarket’s advisory board.
The record
| Trump Jr.’s Kalshi shares | ~$300,000, received when Kalshi was valued under $2bn (BeInCrypto) |
|---|---|
| Kalshi’s later valuation | $22bn raise, talks near $40bn (BeInCrypto) |
| Senators’ pressure on the White House | Nov 10 – Warren & Merkley pressed the White House over a former staffer’s Kalshi bets (BeInCrypto) |
| White House response deadline | Nov 23 (BeInCrypto) |
| Related CFTC fine | $172,000 – an ex-teleprompter operator, fined in August (CFTC) |
What happens next
Watch Nov 23, the deadline senators Warren & Merkley set for the White House to respond on Trump Jr.’s prediction-market ties.
Sources: Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His Ties · Kalshi ends Trump Jr.’s adviser role after senators raise ethics concerns
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