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Startups & Venture·November 12, 2026·1 min read

Kalshi ends the advisory contract it signed with Donald Trump Jr. in January 2025, after his VC firm 1789 Capital increased its stake in Polymarket

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Kalshi cutting ties with Trump Jr. over a Polymarket conflict shows that prediction markets are maturing into regulated finance, where governance optics and conflicts actually bite. If you’re building in this space, treat political affiliations and cross-platform roles as compliance variables, not just marketing assets.