President Donald Trump's eldest son, Donald Trump Jr., has reportedly lost many of the valuable political and business connections that helped make him into a power broker during the second administration of his father, President Donald Trump.
"Donald Trump Jr. has lost his lucrative gig at the prediction market Kalshi," reported by Erkki Forster on Thursday. "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."
Forster added, "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. Kalshi experienced meteoric growth since hiring Don Jr. as the president’s regulators embraced prediction markets."
A Kalshi spokesperson told The Daily Beast, "We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer. We are grateful for his contributions in helping us market Kalshi to more customers."
Shortly after Republicans lost the 2026 midterm elections, Donald Trump Jr. found himself under regular criticism from individuals who opposed Trump's method of governing.
Earlier this year, students at Emory Law School shouted taunts at the Trump family.
"This country has rebuked you!" protesters shouted at Donald Trump Jr. as he attempted to preach his message on the University of Georgia campus, according to a video captured by TMZ. They also shouted, "We won the House and the Senate!"
“Around the same time, Cantor Fitzgerald, an investment company controlled by Mr. Lutnick’s family and overseen by his sons Brandon and Kyle Lutnick, helped one of the lead investors working with Dominari on the Kazakh deal raise $210 million in new capital for a related entity,” The New York Times wrote. “Such rounds of fund-raising typically net Cantor millions of dollars in fees.”
Trump Jr. has specifically faced heated criticism for allowing his 2026 wedding to be funded by a Russian oligarch.
"The president has also privately complained to aides that his son Donald Trump Jr. exhibited bad judgment for allowing Russian businessman Umar Kremlev to pay for his post-wedding party in the Bahamas," a November report said.
“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer. We are grateful for his contributions in helping us market Kalshi to more customers,” a Trump Jr. spokesperson told the Daily Beast, continuing that those who wished to speak with Don Jr.’s could do so in August.
