Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters

What happened: Kalshi ended Donald Trump Jr.'s advisory role after his firm 1789 Capital increased its investment in rival Polymarket. Kalshi said the decision was mutual and denied political considerations. Key numbers: 1789 Capital led Polymarket's $1 billion round, valuing it at $21 billion, with about $300 million from the firm. Trump Jr. Why it matters: Kalshi said talks began in August after the Polymarket investment. Reuters reported some within Kalshi raised concerns about Democrats' midterm sweep of both chambers of Congress. Coverage: 8 outlets in 24h

Kalshi ended Donald Trump Jr.'s advisory role after his firm 1789 Capital increased its investment in rival Polymarket. Kalshi said the decision was mutual and denied political considerations.

Kalshi said talks began in August after the Polymarket investment. Reuters reported some within Kalshi raised concerns about Democrats' midterm sweep of both chambers of Congress.