Kalshi ditches Trump Jr. as advisor; CEO admitted "optics" weren't good
"was handed about $300,000 worth of equity in Kalshi after joining the prediction market platform as a strategic adviser in early 2025," the Financial Times reported in June.
Key points
- agreed to end his advisory role with the prediction market Kalshi shortly after Trump Jr.'s venture capital firm made a large investment in its competitor, Polymarket.
- may still have a financial interest in Kalshi, which has benefited from the Trump administration's legal and regulatory support for prediction markets.
We are grateful for his contributions in helping us market Kalshi to more customers," Kalshi said in a statement provided to Ars and other news outlets this week.
“We have mutually agreed to end Don's advisory role after his firm's significant investment in a competitor this past summer.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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