Kalshi ended Donald Trump Jr.’s advisory contract after 1789 Capital, his venture capital firm, led an approximately $300 million funding round in Polymarket. Both parties said the split was mutual, with discussions beginning in August 2025. Trump Jr. joined Kalshi in January 2025 as a paid strategic advisor before becoming a member of Polymarket’s advisory board. Kalshi, valued at roughly $22 billion, is now reportedly targeting a valuation of around $40 billion in its latest funding discussions.
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