Kalshi ends Trump Jr. advisory role over Polymarket ties
Kalshi has ended Donald Trump Jr.s advisory contract after his venture capital firm, 1789 Capital, deepened its investment in rival prediction market Polymarket. Reuters reported on Nov. 12 that a Kalshi spokesperson attributed the departure to 1789 Capital‘s investment in its competitor over the summer. The company thanked Trump Jr. for helping bring customers to the platform and said talks about ending his contract began in August, when his firm led Polymarket’s latest financing. “We have mutually agreed to end Don‘s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson said. Polymarket and Trump Jr. did not immediately respond to Reuters requests for comment. Kalshis former adviser backed a $1 billion rival funding round As crypto.news previously reported, 1789 Capital agreed to contribute approximately $300 million toward a Polymarket funding round targeting $1 billion in September. The planned financing valued the company at $21 billion, compared with a valuation close to $15 billion before the transaction. A spokesperson for the investment firm confirmed the financing details at the time. Its earlier investment of roughly $200 million would bring its combined commitments to around $500 million with the new contribution. The September figures described the planned financing and commitments, not a









