Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His Ties

Kalshi has ended Donald Trump Jr.’s adviser contract, a company spokesperson told Reuters Thursday. The exit came two days after two US senators publicly flagged his financial ties to prediction markets. Kalshi, a US-regulated platform where people trade on real-world outcomes, gave no reason. The stake behind the role, however, sits inside a far bigger company now. Why Senators Were Asking About Trump Jr. Trump Jr. received about $300,000 in shares when Kalshi was worth under $2 billion. The startup later raised at $22 billion and held talks near $40 billion. Initial reports did not say whether he keeps the shares. On Nov. 10, Senators Elizabeth Warren and Jeff Merkley pressed the White House over a former staffer’s Kalshi bets.

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