Funny, Innit?

Less than 2 weeks after the Democratic Party Blue Wave Kalshi has severed ties with Donald Trump, Jr.

The term used in the headline was, "Yeeted," a use of the term that I wholeheartedly approve, despite my status as a confirmed old fart.

Donald Trump Jr. has left his role as an advisor to the prediction market Kalshi, the company confirmed to Bloomberg.

The timing of the personnel change is striking given that Trump first joined Kalshi as an advisor shortly before the November 2024 election. Now, his departure comes as tech leaders and their companies move to distance themselves from right-wing politics and the second Trump Administration ahead of Democrats taking back Congressional power in 2027 — with a broad mandate from voters to crack down on government corruption.

Trump Jr.’s investment firm, 1789 Capital, is invested in Kalshi and its rival Polymarket. He’s held advisor roles with both companies, and as Bloomberg notes, he received hundreds of thousands of dollars in equity from Kalshi in exchange for his work. (Kalshi has said that Trump Jr.’s said work has involved giving advice about its “marketing strategy.”)

………

A Kalshi spokesperson told Bloomberg that the decision to part ways was due to Trump Jr.’s investment in its rival, which wasn’t at all a secret that would suddenly be an issue post-midterm.

“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer,” said the company. “We are grateful for his contributions in helping us market Kalshi to more customers.”

Yeah, right.  Donald, Jr. was hired because they believed that he coule invoke the power of the state to his advantage, not for any marketing insights.