Donald Trump Jr. and prediction market platform Kalshi have officially cut ties.
The move comes after Trump Jr.'s venture firm, 1789 Capital, invested a massive $300 million in Polymarket, Kalshi's competitor.
As Kalshi put it, both sides "We have mutually agreed to end Don's advisory role after his firm's significant investment in a competitor this past summer."
Trump Jr. held $300,000 Kalshi stake
Trump Jr. joined Kalshi as a strategic advisor back in January 2025, picking up a $300,000 stake.
Since the 2024 election (where prediction markets called Trump's win better than polls), these platforms have exploded in popularity, but not without controversy.
Lawmakers like Senator Elizabeth Warren are pushing for tighter rules over insider trading risks as both Kalshi and Polymarket chase sky-high valuations.
Trump Jr. and Polymarket did not immediately respond to The Post's requests for comment.