Kalshi ditches Trump Jr. as advisor; CEO admitted “optics” weren’t good

November 13, 2026 n Jon Brodkinn

Summary

Prediction market Kalshi has ended its advisory relationship with Donald Trump Jr. The decision followed a major investment by Trump Jr.'s venture capital firm in a competing prediction platform. Kalshi leadership acknowledged that the previous arrangement presented poor optics given the new financial ties to a rival company.

Donald Trump Jr. agreed to end his advisory role with the prediction market Kalshi shortly after Trump Jr.'s venture capital firm made a large investment in its competitor, Polymarket. “We have mutually agreed to end Don's advisory role after his firm's significant investment in a competitor this past summer. We are grateful for his contributions in helping us market Kalshi…

Source: Read the full story at Ars Technica

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