Business1 min read

Trump Jr. out as Kalshi advisor after his firm's big investment in Polymarket

By · Via Ars Technica · Published by Everything Blog

In short

Donald Trump Jr. has stepped down from his advisory position at Kalshi following a significant investment by his firm into rival platform Polymarket. While serving as an advisor, Trump Jr. was compensated with equity in Kalshi. His formal guidance and equity acquisition took place while the Trump administration actively aided the company with ongoing legal battles.

Key points

  • Donald Trump Jr. has officially vacated his advisory role at Kalshi due to conflicting in…: Donald Trump Jr. has officially vacated his advisory role at Kalshi due to conflicting investments.
  • Equity compensation was awarded to Donald Trump Jr. during his tenure advising the predic…: Equity compensation was awarded to Donald Trump Jr. during his tenure advising the prediction market platform.
  • Government assistance with corporate lawsuits coincided with Donald Trump Jr. holding equ…: Government assistance with corporate lawsuits coincided with Donald Trump Jr. holding equity in the firm.

Trump son advised Kalshi and got equity while Trump admin helped Kalshi in lawsuits.

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