【Caught playing both sides and “asked to leave”! Donald Trump Jr. loses Kalshi adviser role because his own fund backed rival Polymarket】
Prediction market Kalshi confirmed on November 12 that it had agreed with Donald Trump Jr., the president’s eldest son, to end his advisory contract. The move came after 1789 Capital, where he is a partner, led a $1 billion funding round for rival Polymarket, valuing it at $21 billion. He remains an adviser to Polymarket. Democrats have just won control of both chambers of Congress, and Senator Warren and others have written to the White House asking it to clarify his role and interests in prediction markets by November 23.
#Kalshi #Polymarket #predictionmarket
Prediction market Kalshi confirmed on November 12 that it had agreed with Donald Trump Jr., the president’s eldest son, to end his advisory contract. The move came after 1789 Capital, where he is a partner, led a $1 billion funding round for rival Polymarket, valuing it at $21 billion. He remains an adviser to Polymarket. Democrats have just won control of both chambers of Congress, and Senator Warren and others have written to the White House asking it to clarify his role and interests in prediction markets by November 23.
#Kalshi #Polymarket #predictionmarket