Startups and VCUpdated 1h ago

Kalshi and Trump Jr. agree to end their advisory tie.

Donald Trump Jr.’s investment firm, 1789 Capital, made a significant investment in Polymarket, a competitor to Kalshi. A Kalshi spokesperson said discussions about ending the advisory role began in August, after 1789 led Polymarket’s latest funding round, and that the two sides mutually agreed to end it. The spokesperson also thanked Trump Jr. for helping market Kalshi to more customers. The reason for the break and the thank-you sit side by side: a rival investment ended the advisory relationship, while Kalshi still credited him for helping it reach more people.

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