Kalshi gave Donald Trump Jr. $300,000 in stock for senior adviser role: report

Prediction Market Kalshi granted Donald Trump Jr. about $300,000 worth of stock after he became a strategic advisor to the company early last year, according to a report.

Kalshi’s compensation to the president’s eldest son came as the startup was valued at less than $2 billion – less than a tenth of its $22 billion price tag in a funding round last month – the Financial Times reported, citing unnamed sources familiar with the matter.

The value of Trump Jr.’s stake is poised to rise as Kalshi is in talks to raise funds worth around $40 billion – which could happen as soon as the third quarter of this year, the FT reported.

Kalshi – and its main rival Polymarket – allow punters to bet on binary outcomes on everything from the weather to which team will win the World Cup. Christopher Sadowski for the NY Post

As Kalshi grew, the presidential scion’s shares were diluted, the outlet noted, making it difficult to determine their exact value today.

Kalshi declined to comment to the FT and Trump Jr. did not respond to the newspaper.

Kalshi and its main rival Polymarket allow punters to bet on binary outcomes on everything from the weather to which team will win the World Cup.

Two months after his father took over the White House, Trump Jr. signed on as a strategic adviser to the company. Announcing the move in a January 2025 article on

Trump Jr. also joined Polymarket’s advisory board last August.

The appointment coincided with a strategic investment in the company by 1789 Capital, the investment company of which he is a partner, for an undisclosed amount.

Trump Jr’s stake could rise further as Kalshi is in talks to raise funds at a valuation of around $40 billion. REUTERS The Commodity Futures Trading Commission has offered prediction markets a light regulatory touch. Bloomberg via Getty Images

Kalshi, led by CEO Tarek Mansour, has faced minor regulatory change from US agencies now run by Trump appointees, according to the FT.

Before Trump’s election victory, the Commodity Futures Trading Commission had sought to block him from offering congressional election-related event contracts. Kalshi secured a legal victory shortly before Election Day, and in May 2025, the CFTC dropped his appeal.

As for Polymarket, the CFTC and the Department of Justice closed an investigation in the summer of 2025 into whether the company had illegally accepted bets from U.S. customers despite restrictions on the practice.

The Post sought comment from Kalshi and Trump Jr.

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