Kalshi Ends Advisory Relationship with Donald Trump Jr., Says Discussions Began in August

Odaily reports: Prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr. A Kalshi spokesperson stated that discussions between the two parties began in August, and the decision was made after his investment firm 1789 Capital made a large investment in competitor Polymarket. The decision was mutual and did not involve political considerations.

Two people familiar with the matter said that some within Kalshi had concerns that if Democrats win both chambers of Congress in the midterm elections, it could impact the company. (Cointelegraph)