Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters
Summary
Kalshi ended Donald Trump Jr.’s advisory role after his venture capital firm, 1789 Capital, led a $1 billion funding round for rival Polymarket, reportedly valuing it at $21 billion. Kalshi said discussions about ending the relationship began in August and cited the firm’s investment in a competitor. It said political considerations were not involved, though sources told Reuters that some employees had discussed possible effects of a Democratic midterm sweep.
