Donald Trump Jr. is no longer a paid adviser for Kalshi, the prediction market company said Thursday.

Kalshi has ended Donald Trump Jr.’s advisory role after 1789 Capital deepened its Polymarket investment, with exit discussions beginning in August.

The exit comes as Democrats take power in Congress with promises to scrutinize the Trump family's business ties to prediction markets and the crypto industry. 

NEW YORK, Nov 12 : Prediction markets startup Kalshi has ended its advisory contract with Donald Trump Jr, after his venture capital firm 1789 Capital increased its stake in arch-rival Polymarket, according to a Kalshi spokesperson. "We have mutually agreed to end Don's advisory role after his firm's signi

NEW YORK, Nov 12 : Kalshi has ended its advisory contract with Donald Trump Jr after his venture capital firm 1789 Capital increased its stake in arch-rival Polymarket, according to a spokesperson for the $40 billion prediction markets startup.The Democratic sweep of both houses of US Congress in the midterm