Kalshi Drops Trump Jr. as Adviser After Polymarket Investment
WHO:
ABC News - Donald Trump Jr. was a paid adviser to Kalshi, a prediction market company.
Cointelegraph - Kalshi and rival prediction market Polymarket were involved in the decision concerning Trump Jr.’s advisory role.
Cointelegraph - 1789 Capital invested in Polymarket.
WHAT:
Alternet - The article reported that Trump Jr. was 48 years old.
Alternet - The article said Democrats had vowed to investigate President Trump and his family’s business dealings involving prediction markets and cryptocurrency.
Alternet - The article reported that Trump Jr.’s 2026 wedding was funded by Russian businessman Umar Kremlev, who also paid for a post-wedding party in the Bahamas.
Alternet - The article quoted protesters at the University of Georgia shouting, “This country has rebuked you!” and “We won the House and the Senate!”
Alternet - The article cited a New York Times report that Cantor Fitzgerald helped a lead investor working with Dominari raise $210 million for a related entity, with such fundraising rounds typically earning Cantor millions of dollars in fees.
Alternet - Kalshi said Donald Trump Jr. helped market the company to more customers.
ABC News - Kalshi said Donald Trump Jr. was no longer a paid adviser to the company.
Cointelegraph - Kalshi ended Trump Jr.’s advisory role.
Cointelegraph - Kalshi said the decision was mutual.
Cointelegraph - Kalshi denied that political considerations influenced the decision.
WHY:
Alternet - A Kalshi spokesperson said Trump Jr.’s firm increased its stake in Polymarket “this past summer.”
Alternet - Kalshi’s spokesperson said the advisory role ended after Trump Jr.’s firm made a “significant investment” in a competitor.
Cointelegraph - The decision followed 1789 Capital’s investment in Polymarket, a rival prediction market operator.
HOW:
Alternet - A Kalshi spokesperson said the company and Trump Jr. “mutually agreed to end” his advisory role and expressed gratitude for his contributions.
(UPDATED November 13, 2026 02:00 UTC)
Kalshi ended Donald Trump Jr.’s paid advisory role after his firm invested in rival Polymarket. The company called the departure mutual and denied political considerations influenced its decision. Kalshi said Trump Jr. had helped market the prediction market to more customers.
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(UPDATED November 13, 2026 01:08 UTC)
Kalshi ended Donald Trump Jr.’s paid advisory role after his firm invested in rival Polymarket. The company said the decision was mutual and denied political considerations influenced it. Trump Jr. had helped market Kalshi to more customers, the company said.
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(UPDATED November 12, 2026 23:59 UTC)
Kalshi says Donald Trump Jr. is no longer its paid adviser after a mutual decision. The company denies political considerations influenced his departure from the prediction market. The change followed 1789 Capital’s investment in Kalshi rival Polymarket.