Business & Finance

Trump Jr. leaves paid Kalshi adviser role amid firm's Polymarket stake increase

Kalshi calls the split mutual and tied to 1789 Capital's Polymarket investment; both companies deny Trump ties shaped regulation.

Published Nov 13, 2026 · 16:10 UTC2 reports

The short version

Kalshi says Donald Trump Jr. is no longer a paid adviser to the prediction market company.[Associated Press · ABC News]
Kalshi called the split a mutual business decision tied to his firm's larger investment in rival Polymarket.[Associated Press · ABC News]
Democrats have said they planned to investigate Trump family investments, including business ties to prediction markets.[Associated Press · ABC News]
Both companies deny that Trump-linked financial ties affected how the industry has been regulated.[Associated Press · ABC News]

Kalshi said Donald Trump Jr. is no longer a paid adviser to the company.[Associated Press · ABC News]
Kalshi described the exit as a mutual business decision following 1789 Capital's increased investment in Polymarket, Kalshi's largest competitor.[Associated Press · ABC News]
Democrats have said they planned to investigate Trump family investments, including business relationships with prediction markets.[Associated Press · ABC News]
Both Kalshi and Polymarket have denied that financial ties to the Trump family influenced how the industry was regulated.[Associated Press · ABC News]

Whether Trump-linked financial ties influenced regulation is disputed; the companies' denials are their own statements, and the provided reporting does not independently resolve the question.[Associated Press · ABC News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.