Prediction platform Kalshi has terminated its advisory relationship with Donald Trump Jr., following a report from Reuters on November 12, 2026. The split occurred after 1789 Capital, a venture firm tied to Trump Jr., increased its financial stake in competing venue Polymarket.
Kalshi clarified that the ending of the agreement was a mutual decision between both entities. The firm also explicitly denied that political factors played any role in ending the relationship.
The developments coincided with mixed crypto market prices, where Bitcoin traded at $71,343.69 and Ether at $2,016.57. Other tokens tracked during the report included Binance Coin at $657.55, Solana at $81.64, and XRP at $1.03.
For traders carrying active perpetual futures positions across major derivative exchanges, this update alters nothing directly. Personnel changes within standalone prediction markets do not shift funding rates, contract pricing, or order book liquidity on Bitget, Bybit, MEXC, or OKX.
Source: cointelegraph — Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters