Source time Edition date
Kalshi ends Donald Trump Jr.’s advisory contract over 1789 Capital’s Polymarket investment
Kalshi因1789 Capital对Polymarket的投资终止小唐纳德·特朗普的顾问合同
Kalshi faced a real governance limit when Donald Trump Jr.'s dual role at 1789 Capital and Polymarket forced the prediction market to choose between advisory star power and rival capital ties.
Judgment
Kalshi’s decision changes: it terminates Donald Trump Jr.’s strategic-adviser contract rather than accept the conflict created by 1789 Capital’s Polymarket investment, trading away his customer-base help and star advisory presence to avoid rival-capital entanglement.
Basis
CoinDesk reports that Kalshi ended Donald Trump Jr.’s advisory contract over 1789 Capital’s Polymarket investment. The source says Trump Jr. joined Kalshi in January 2025 as a strategic adviser, helping the prediction market expand its customer base and strengthen its market presence. The mechanism is a governance conflict: an adviser tied to a firm investing in a rival prediction market creates competing loyalties, so Kalshi removed the advisory relationship rather than carry that overlap.
Unclear The source does not disclose the contract’s terms, the exact timing of the termination, or any customer or revenue impact.
Next Watch whether Kalshi names a replacement strategic adviser or discloses any customer-growth change after the contract ends.