Finance
Donald Trump Jr. leaves advisory position at Kalshi prediction market
Prediction market platform Kalshi has ended its advisory contract with Donald Trump Jr. due to a conflict of interest involving his firm's stake in rival platform Polymarket.
Kalshi and Donald Trump Jr. mutually agreed to end his advisory role after his venture capital firm, 1789 Capital, acquired a stake in rival prediction market Polymarket. Discussions regarding his exit began in August, with both sides recognizing the conflict of interest in having him advise Kalshi while remaining a top investor for Polymarket. The departure comes at a time when the prediction market industry faces potential regulatory scrutiny. Although Trump Jr. is no longer with Kalshi, he continues to advise Polymarket, keeping his ties to the industry intact.
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