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Kalshi Ends Donald Trump Jr's Advisory Contract Due to Polymarket Conflict
Kalshi said the move was mutual after 1789 Capital took a major stake in rival Polymarket, creating a conflict of interest.
- On Nov 12, 2026, Kalshi ended its advisory contract with Donald Trump Jr., citing a conflict of interest regarding 1789 Capital's investment stake in rival platform Polymarket.
- Donald Trump Jr. joined the startup as a "strategic advisor" in January 2025, but his firm, 1789 Capital, later invested in Polymarket, creating an untenable conflict.
- Conversations regarding the exit began in August after 1789 Capital increased its stake in the rival platform; both sides acknowledged the investment created a conflict of interest.
- Democrats, now in control of Congress, have promised to scrutinize the Trump family's business ties to prediction markets and crypto. The departure adds political pressure to the situation.
- Bloomberg reporter Bobby Allyn noted the "very notable" timing, as the conflict existed for over a year before Republicans prepared to lose control of Congress.
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‘Very notable here is the timing’: Kalshi tellingly dumps Donald Trump Jr. as Republicans lose power
Donald Trump Jr. is no longer advising one of the biggest names in the booming prediction market industry. The president’s son is out at Kalshi, which has exploded in popularity by letting users trade on the outcomes of sporting events, even in states where sports betting isn’t legal. Kalshi says the split comes down to…
Coverage Details
Total News Sources18
Leaning Left1Leaning Right2Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
C 73%
R 18%
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