Donald Trump Jr. has stepped down from his advisory role at Kalshi Inc., a move that comes amid growing political scrutiny. His departure follows the Democrats' victory in the midterm elections, where they vowed to investigate the Trump family's connections to prediction markets and the crypto sector.
The advisory position had become a source of controversy for Kalshi, a prediction market platform. Trump Jr.'s involvement drew attention from lawmakers, particularly as Democrats gained control of Congress and signaled plans to examine such ties.
Kalshi has not publicly commented on the reasons behind Trump Jr.'s exit, but the timing suggests a response to the shifting political landscape. The platform has faced increasing pressure to distance itself from figures with polarizing political ties.