Kalshi Ends Trump Jr. Advisory Role After Polymarket Investment

Donald Trump Jr. has ended his advisory arrangement with prediction-market operator Kalshi following an increased investment in Polymarket by his venture capital firm, 1789 Capital. Bitcoin.com reports the development, noting that Bloomberg first reported the departure. The move closes a role that had already drawn attention because of the Trump family’s broader financial exposure to cryptocurrency and prediction markets.

The commercial circumstances behind the exit were consistent across the three reports. Crypto.news says Kalshi ended the advisory contract after 1789 Capital deepened its commitment to Polymarket, while Cointelegraph reports that the operator described the decision as mutual and denied that political considerations played a role. No outlet supplied the size of 1789 Capital’s investment, and none gave a specific figure for the advisory arrangement.

Political scrutiny is the principal area of divergence in emphasis. Bitcoin.com says Democrats are preparing to investigate the Trump family’s expanding financial interests in cryptocurrency and prediction markets. Crypto.news points to a Reuters report dated Nov. 12 in which a Kalshi spokesperson attributed the departure to 1789 Capital’s Polymarket investment. Cointelegraph focuses more narrowly on Kalshi’s denial that the exit was politically driven, rather than on the planned Democratic scrutiny.

The development places two prediction-market businesses in a competitive context while also highlighting potential overlap between political relationships and crypto-linked investment. Kalshi had appointed Trump Jr. as an adviser, and his firm subsequently backed Polymarket. The supplied reports do not indicate whether 1789 Capital’s Polymarket investment involved a particular asset, strategy or level of exposure, so the reasons for the departure remain limited to the rival investment and the differing political framing described by the outlets.

DeFiLlama data shows Polymarket holding $317.85 million in total value locked, a 3.1% decline over seven days. The broader crypto market was broadly lower, with total capitalization at $2.46 trillion and Bitcoin down 3.41% over 24 hours. The Fear & Greed Index stood at 28, indicating fear. No specific coin was identified in the Kalshi development; its market relevance is tied to prediction-market activity, political oversight and the wider risk environment rather than a named token.