🔥 The “corporate intrigue” has reached prediction markets! Kalshi ends its advisory contract with Trump’s eldest son, with rival Polymarket involved!
November 13 — According to Reuters, prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr., the eldest son of Donald Trump.
The reason is interesting: 1789 Capital, the venture capital firm Donald Trump Jr. is affiliated with, increased its stake in Polymarket, Kalshi’s biggest competitor.
Back in August this year, 1789 Capital led Polymarket’s latest funding round. The two sides then began discussing ending the advisory contract and eventually reached an agreement.
Put simply, the investment firm behind someone who was advising Kalshi increased its investment in a competitor—a conflict of interest that was clearly difficult to maintain.
💡 In my view, what really deserves attention here isn’t the end of an advisory contract, but the fact that competition in the prediction market space has reached a fever pitch!
Kalshi and Polymarket aren’t just competing for users; they’re vying for influence over the future of prediction markets, as well as liquidity and market share.
At its core, a prediction market lets users put real money behind their views on future events. Everything from political elections and economic data to Federal Reserve interest rate decisions and cryptocurrency prices could, in theory, become a tradable market.
Polymarket in particular is attracting growing interest from investors, suggesting that the market is re-evaluating the business potential of prediction markets.
🚀 My take: Prediction markets could become the next Web3 sector worth watching closely. But capital flowing in doesn’t guarantee a project’s success. The real deciding factors will be user base, trading depth, regulatory compliance, and product experience.
The next round of Web3 competition may not be limited to exchanges and public blockchains. Whoever can turn real-world information into tradable markets could unlock new growth opportunities!
This is a sector worth keeping an eye on!🔥$BARD $PLAY $MAGMA
November 13 — According to Reuters, prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr., the eldest son of Donald Trump.
The reason is interesting: 1789 Capital, the venture capital firm Donald Trump Jr. is affiliated with, increased its stake in Polymarket, Kalshi’s biggest competitor.
Back in August this year, 1789 Capital led Polymarket’s latest funding round. The two sides then began discussing ending the advisory contract and eventually reached an agreement.
Put simply, the investment firm behind someone who was advising Kalshi increased its investment in a competitor—a conflict of interest that was clearly difficult to maintain.
💡 In my view, what really deserves attention here isn’t the end of an advisory contract, but the fact that competition in the prediction market space has reached a fever pitch!
Kalshi and Polymarket aren’t just competing for users; they’re vying for influence over the future of prediction markets, as well as liquidity and market share.
At its core, a prediction market lets users put real money behind their views on future events. Everything from political elections and economic data to Federal Reserve interest rate decisions and cryptocurrency prices could, in theory, become a tradable market.
Polymarket in particular is attracting growing interest from investors, suggesting that the market is re-evaluating the business potential of prediction markets.
🚀 My take: Prediction markets could become the next Web3 sector worth watching closely. But capital flowing in doesn’t guarantee a project’s success. The real deciding factors will be user base, trading depth, regulatory compliance, and product experience.
The next round of Web3 competition may not be limited to exchanges and public blockchains. Whoever can turn real-world information into tradable markets could unlock new growth opportunities!
This is a sector worth keeping an eye on!🔥$BARD $PLAY $MAGMA
