Kalshi Ends Consulting Agreement with Donald Trump Jr.
The decision follows 1789 Capital's investment in rival platform Polymarket.
The prediction market platform Kalshi has ended its consulting relationship with Donald Trump Jr. Both parties described the termination as a mutual agreement.
The primary reason for the split was the financial investment made by 1789 Capital in Polymarket. The venture capital firm led a 1 billion dollar funding round for the competing platform.
Negotiations regarding the departure began in August. Kalshi denies that political factors motivated the termination of the strategic consulting contract.
Donald Trump Jr. had held the position since January 2025. At the time of his hiring, he received an equity stake valued at 300,000 dollars.
Sources mentioned internal concerns regarding the impact of recent legislative results on the company's future. The firm emphasizes that the decision focuses on managing conflicts of interest within the betting sector.
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