Donald Trump Jr exits as paid adviser for prediction market Kalshi
Kalshi announces ‘mutual decision’ as Democrats say they plan to investigate Trump family’s investments
TL;DR
- Donald Trump Jr. has ended his role as a paid adviser for prediction market company Kalshi.
- The decision was mutual and stemmed from Trump Jr.'s investment firm, 1789 Capital, increasing its investment in Polymarket, Kalshi's main competitor.
- Trump Jr. had been a strategic adviser for Kalshi since January 2025 and an investor in Polymarket since August 2025.
- Both Kalshi and Polymarket have seen increased popularity and favorable treatment from the White House regarding industry regulation.
- Democrats plan to investigate the Trump family's investments, including their relationships with prediction markets.