Donald Trump Jr. ends advisory role with Kalshi after VC firm doubles down on Polymarket

In the wake of a Democratic Blue sweep in the US midterm elections, Donald Trump Jr. has severed ties with Kalshi. Trump Jr., the son of US President Donald Trump, initially received an equity stake in the prediction market-operator in January 2025, months after his father defeated Democratic challenger Kamala Harris. The victory by Trump secured his return to the White House after a bitter defeat four years earlier. The 2024 election served as an inflection point for event contracts on politics as several traders placed seven-figure transactions on Trump just before Midnight on Election Night. Shortly thereafter, Trump Jr.