Kalshi Ends Advisory Relationship with Donald Trump Jr.

The prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr. A spokesperson for Kalshi stated that discussions between the two parties began in August, and the decision was made after its investment firm 1789 Capital made a significant investment in competitor Polymarket. Both parties agreed to the decision, which did not involve political considerations. Two insiders noted that some within Kalshi had expressed concerns that if the Democrats were to take both houses of Congress in the midterm elections, it could impact the company.

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