- Donald Trump Jr. has stepped down from his role as a paid strategic adviser for prediction market platform Kalshi by mutual agreement.
- The decision follows an expanded investment by Trump Jr.'s firm, 1789 Capital, in Kalshi's major competitor, Polymarket.
- The announcement comes after Democrats won control of Congress in the midterms and signaled plans to investigate the Trump family's financial ties to prediction platforms.
- Trump Jr. initially took on the paid advisory role with Kalshi shortly after President Trump was sworn in for his second term in January 2025.
- Both Kalshi and Polymarket denied that financial ties to the Trump family influenced favorable regulatory treatment received during the current administration.
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