Donald Trump Jr. Exits Kalshi Role as Democrats Plan to Scrutinize Family Crypto Ties

Donald Trump Jr. has stepped down from his advisory role at prediction market Kalshi after his firm, 1789 Capital, made a major investment in rival Polymarket. The exit comes as Democrats prepare to scrutinize the Trump family's expanding crypto and prediction-market ties. Kalshi had leaned on Trump Jr.'s profile to raise its public and political visibility, making the split notable for a platform competing directly with Polymarket. The move signals growing political sensitivity around family-linked crypto ventures as the industry's Washington footprint expands. Watch for Democratic committee inquiries into Trump family holdings and for how Kalshi and Polymarket position themselves competitively now that Trump Jr. is formally aligned with the latter's backers.