Drudge Retort: The Other Side of the News
Friday, November 13, 2026

Donald Trump Jr. has lost his lucrative gig at the prediction market Kalshi.

The 48-year-old's exit from the company comes as newly empowered Democrats have vowed to investigate President Donald Trump and his family's business dealings with the prediction industry and crypto markets.

However, a Kalshi spokesperson said Don Jr.'s departure was a response to his venture capital firm, 1789 Capital, increasing its stake in rival prediction market Polymarket.

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Don Jr.'s role as a "strategic advisor" to Kalshi drew scrutiny from the moment he was hired in January 2025, days before his father's second inauguration.

At the time, Kalshi gave Don Jr. roughly $300,000 worth of shares, according to The Financial Times, a stake that has since likely ballooned in paper value as the company's valuation surged from less than $2 billion to $40 billion.

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