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00:02Kalshi has ended its advisory contract with Donald Trump Jr. after his venture capital firm,
00:081789 Capital, increased its stake in rival prediction market Polymarket, according to
00:14Reuters. Trump Jr. joined Kalshi as a strategic advisor in January 2025 and received equity in
00:21the company. Kalshi said discussions to end the arrangement began in August, following 1789
00:26Capital's investment in Polymarket. The company denied that political considerations influenced
00:32the decision. However, sources told Reuters that concerns arose over potential congressional
00:38scrutiny following Democrats' midterm election victories. Polymarket and 1789 Capital declined
00:44to comment, while Donald Trump Jr. did not immediately respond to a request for comment.
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