Kalshi drops Trump Jr. over rival Polymarket investment

Reuters reports: Prediction market ended his advisory contract after his firm 1789 Capital invested in competitor Polymarket.

Corruption · 44 sources · November 13, 2026 at 12:35 AM

Kalshi has ended Donald Trump Jr.'s advisory contract, citing a conflict of interest after his firm, 1789 Capital, invested in rival prediction market Polymarket. Reports put 1789 Capital's Polymarket stake at close to $500 million. Kalshi said the investment created an incompatible conflict with Trump Jr.'s advisory role. HuffPost noted that prediction market platforms face the prospect of heightened scrutiny in Congress.

“EXCLUSIVE: Kalshi says it ended Donald Trump Jr's advisory contract over Polymarket conflict    Reuters”
— Reuters

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