Prediction Market Kalshi Terminates Advisory Contract with Trump Jr.

深潮 TechFlow reported on November 13, citing BeInCrypto, that prediction market platform Kalshi has terminated its advisory contract with Donald Trump Jr., the eldest son of the U.S. president. A Kalshi spokesperson confirmed the news to Reuters but did not provide a reason.

Two days earlier, U.S. Senators Elizabeth Warren and Jeff Merkley questioned the White House about Trump Jr.'s financial relationship with prediction markets. The report noted that Trump Jr. had previously received about $300,000 worth of equity in Kalshi when the company was valued at less than $2 billion, and the company later raised funding at a $22 billion valuation.

The report also said that Trump Jr. continues to serve as an advisor to competitor Polymarket.

Source: 深潮 TechFlow