Kalshi Says Trump Jr. Advisory Split Followed Months of…
By Abdelaziz Fathi
AI summary of the source article
Kalshi has mutually terminated its advisory agreement with Donald Trump Jr. after his venture capital firm, 1789 Capital, increased its investment in rival Polymarket. Kalshi stated the decision was commercial and denied that political considerations played a role.
Why it matters
The overlapping relationships created a potential commercial conflict, particularly given the competitive importance of customer acquisition, strategic partnerships and product development in prediction markets.
Key facts
- Kalshi confirmed ending its advisory agreement with Donald Trump Jr., which began in January 2025.
- The split followed 1789 Capital increasing its financial commitment to rival prediction market operator Polymarket.
- Kalshi stated discussions began in August and disputed claims that political considerations or congressional scrutiny influenced the decision.
Source excerpt · FinanceFeeds
Prediction market operator Kalshi has ended its advisory agreement with Donald Trump Jr. after his venture capital firm, 1789 Capital, increased its investment in rival Polymarket, bringing an end to a relationship that began in January 2025. Kalshi confirmed the separation on November 12, saying the decision was mutual and discussions began in August after 1789 Capital led Polymarket's latest fun…