Kalshi Ends Trump Jr. Advisory Role After 1789 Capital Invests in Rival Polymarket

Kalshi has terminated its partnership with Donald Trump Jr. after his investment company 1789 Capital invested in rival Polymarket. The shift follows heightened inquiries about political ties and regulation by prediction market sites. A Kalshi spokesperson confirmed to Reuters on November 12 that both sides had agreed to end Trump Jr.’s advisory role after his firm made a significant investment in a rival platform. Discussions about ending the contract began in August, when 1789 Capital led Polymarket’s latest funding round. In the fall, Kalshi reached out to Trump Jr. about the possible conflict of interest.