Kalshi cuts ties with Donald Trump Jr. as federal government sues Arkansas
Kalshi ended Trump Jr.'s advisory role over his firm's Polymarket stake, while the federal government sued Arkansas over its action against Kalshi.
Confirmed
- Kalshi says it mutually agreed to end Donald Trump Jr.'s advisory role
- The federal government sued Arkansas after the state sued Kalshi on Nov 4
- The federal government asserts event contracts are federal territory
Not yet known
- Whether the split is tied to Trump Jr.'s firm's investment in rival Polymarket
- How the federal lawsuit against Arkansas will be resolved
What we know
The FT reports Kalshi said it mutually agreed to end Donald Trump Jr.'s advisory role. CoinDesk ties it to his firm's investment in rival Polymarket. Separately, the federal government is suing Arkansas after the state sued Kalshi on Nov 4, asserting event contracts are federal territory. The Block reports Polymarket US trades topped 104 million in October.
Photos and descriptions: Wikipedia
Sources
“mutually agreed to end Don's advisory role”
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View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.