# Kalshi ends Trump Jr advisory role after Polymarket investment by his firm

- URL: https://talkfuse.com/story/exclusive-kalshi-ends-donald-trump-jrs-advisory-contract-due-to-polymarket-conflict/
- Published: 2026-11-12T21:21:32+00:00
- Updated: 2026-11-12T21:30:52+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/exclusive-kalshi-ends-donald-trump-jrs-advisory-contract-due-polymarket-conflict-6547251
- Topics: World

## Key points

- Kalshi ended Trump Jr’s advisory contract after his firm backed Polymarket.
- The company says the decision was mutual and not politically motivated.
- US lawmakers are weighing greater oversight of prediction markets.

## Summary

Kalshi has ended Donald Trump Jr’s advisory contract after his venture capital firm, 1789 Capital, led a funding round for rival Polymarket. The development sharpens a conflict between the two prediction market companies as the sector faces growing political scrutiny in the United States.

Kalshi said the decision was mutual and discussions began in August, when 1789 Capital’s investment became public; it said politics played no part. Two sources said concerns about possible consequences of Democrats’ midterm sweep had also been raised internally. Trump Jr joined Kalshi as a strategic adviser in January 2025 and received a stake reportedly worth US$300,000 at the time; Kalshi is valued at US$40 billion. US lawmakers are considering tighter rules, including limits on bets involving military operations and investigations into insider trading concerns.

## Coverage

- [CNA: Kalshi ends Trump Jr advisory role after Polymarket investment by his firm](https://www.channelnewsasia.com/business/exclusive-kalshi-ends-donald-trump-jrs-advisory-contract-due-polymarket-conflict-6547251)
- [CoinDesk: Kalshi ends Donald Trump Jr.’s advisory contract over 1789 Capital’s Polymarket investment](https://www.coindesk.com/policy/2026/11/12/kalshi-ends-donald-trump-jr-s-advisory-contract-over-1789-capital-s-polymarket-investment)

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.