Kalshi cut ties with Donald Trump Jr

[Hispo]

...

Not sure what the impact of this news will be on Kalshi, but it's relevant especially since Trump Jr. is quite controversial so it remains to be seen.
Actually those related to the president should be prevented from investing in businesses like this as it could create bias.

It is legally controversial, because people who is part of the family of the president of the USA do not have any restriction on what kind of business they can partake in or not, since they were not elected to have a position in the government.
But at the same time, they could be used to trade with privileged information as a third party.

I also believe there was some kind of conflict of interest in place, considering both Kalshi and Polymarket are rivals. But the political weather of the United States also contributed to Kalshi getting distance from Donald Trump Jr and Trump family as a whole.

[Kelvinid]

...

Not sure what the impact of this news will be on Kalshi, but it's relevant especially since Trump Jr. is quite controversial so it remains to be seen.
Actually those related to the president should be prevented from investing in businesses like this as it could create bias.

It is legally controversial, because people who is part of the family of the president of the USA do not have any restriction on what kind of business they can partake in or not, since they were not elected to have a position in the government.
But at the same time, they could be used to trade with privileged information as a third party.

I also believe there was some kind of conflict of interest in place, considering both Kalshi and Polymarket are rivals. But the political weather of the United States also contributed to Kalshi getting distance from Donald Trump Jr and Trump family as a whole.

Personally, what I see here is that, more than the conflict of interest between Kalshi and Polymarket, I think the biggest reason here is the political pressure and investigation that will be made to all the businesses of Trump's family and their connection to the prediction market industry, which leads to create an optics issue on the name Trump that he'll be a bad image for Kalshi.

However, Kalshi is still grateful that Trump Jr. was once part of their company for almost 2 years.

[Johnlomape]

The timing is important here. As the democrats took over, so the kalashi cut ties with trump jr. Just maybe the Trump's family as had their hands in some shady things. Hope it doesn't get to that. In the mean time, seems Trump is loosing woefully. Cutting ties now might save their asses if any shady thing is found about Trump jr. Another thing to even look out for is that he is advising two companies that are competing against each other. Make that make sense. For the fact that the two companies actually agreed to do that shows how powerful Trump jr is. I think it because of his father that thing even happened in the first place.

What does cutting ties with Trump family has to do with the Senate probing the family?
If this news is true then their could be something we haven't seen that many be going on underground. The timing is very suspicious and I don't know if this is going to stop the house from going ahead with their investigation for the Trump's family and the businesses that may be linked to them. There will be several investigation against Trump by the time the Democrats take over fully.

[KTChampions]

It's all business after all, and it's good to cut ties with him as he is also with the competitor. So at the end of the day, they think that having Trump is not going to be beneficial to them in the long run.

So I don't see anything wrong with it, although the timing but be sort of questionable. But that's it's nothing personal and it's all business to this businessman and for sure Trump will have understand it.

A strange coincidence in terms of timing - it happened just as the Republicans suffered a crushing defeat in the elections 
As for the idea that "it’s just business" - the more I look at it, the more it seems that business in the U.S. is something inherently corrupt and criminal. Moreover, both parties are equally involved and are actually on the same side (against the people). I remember how Biden's son did "just business," including selling paintings (smears) for astronomical sums to anonymous buyers... and somehow I don't remember that under the full power of the Republicans, he was punished.

[Zlantann]

A strange coincidence in terms of timing - it happened just as the Republicans suffered a crushing defeat in the elections 
As for the idea that "it’s just business" - the more I look at it, the more it seems that business in the U.S. is something inherently corrupt and criminal. Moreover, both parties are equally involved and are actually on the same side (against the people). I remember how Biden's son did "just business," including selling paintings (smears) for astronomical sums to anonymous buyers... and somehow I don't remember that under the full power of the Republicans, he was punished.

Barack Obama is one of the US presidents who didn't have any scandal. There were so many conspiracy theories against him, but there was no proof that he used his office for profit or used it to take advantage of women. His family members also never used his position to make gains. We can only speculate about Trump Jnr involvement with these prediction companies. We have to wait for the proposed investigation to find out whether the president's son and other family members were involved in shady businesses.

[nelson4lov]

No matter how you look at it, what Kalshi did is just business. It's likely that Democrats will win the next presidential election since they won the mid terms easily with a clean sweep. Kalshi cutting ties now may turn out to be a smart move especially if the future administration (if it's not Republicans) decide to investigate Trump sons, Kalshi might be caught in the web because Trump sons does not have presidential immunity and can be prosecuted for their shady dealings in the last few years.

Always better to be safe than sorry.

[BigTarget]

So, I just saw this news recently. Apparently, after the Democrats took over the house and Senate in the midterm elections, they decided to launch an investigation on Donald Trump jr. and his investments especially in polymarket—kalshi precisely. Although kalshi framed it as "cutting ties because he invested in a rival company", but an article in the guardian—the source I got the news from—claims since the announcement came in just a week after the Democrats decision to investigate him, it seems like a convenient timing.

When things like these are happening, it shows that there are some who serve as actors behind the curtain playing game with other s intelligence, that you see them making this public declaration shows that things of gone wrong from within their internal affairs the heart together and they are making it known to communicate it more better this manner, kalshi or polymarket it's not a game of trust as so many people will admit.

While any company or project has influence of politicians, things like these always happen. Donald Trump Jr. was in this due to influence, and they have done enough things that are now going to be investigated just because of this. Now many interesting things are going to happen because midterm defeat brings them down to a level where they can't do as they were doing in the first half of this presidency era. Kaishi is already facing many troubles due to insider things.

Donald Trump Jr. links were making things more troubling, but now this decision is surely going to be a serious argument because the investigation will happen and they will check everything beyond their limits. How it's going to be ends it needs; it needs a good time for more updates.

[Hispo]

No matter how you look at it, what Kalshi did is just business. It's likely that Democrats will win the next presidential election since they won the mid terms easily with a clean sweep. Kalshi cutting ties now may turn out to be a smart move especially if the future administration (if it's not Republicans) decide to investigate Trump sons, Kalshi might be caught in the web because Trump sons does not have presidential immunity and can be prosecuted for their shady dealings in the last few years.

Always better to be safe than sorry.

It may make some sense if they are actually looking toward a future in which having anything to do with the Trump family could be negative to their business, but if cutting ties with Trump Jr is a smart move in this market. Could we actually expect Polymarket to do exactly the same before the next presidential elections?

I have no doubt Polymarket and Trump will be investigated because of their ties with prediction markets, if Kalshi and Polymarket are so sure the next administration will go against them and Trump they should start moving fast to cut all ties and clean the house before they are called to give testimony in the congress.

[ultrloa]

No matter how you look at it, what Kalshi did is just business. It's likely that Democrats will win the next presidential election since they won the mid terms easily with a clean sweep. Kalshi cutting ties now may turn out to be a smart move especially if the future administration (if it's not Republicans) decide to investigate Trump sons, Kalshi might be caught in the web because Trump sons does not have presidential immunity and can be prosecuted for their shady dealings in the last few years.

Always better to be safe than sorry.

It may make some sense if they are actually looking toward a future in which having anything to do with the Trump family could be negative to their business, but if cutting ties with Trump Jr is a smart move in this market. Could we actually expect Polymarket to do exactly the same before the next presidential elections?

I have no doubt Polymarket and Trump will be investigated because of their ties with prediction markets, if Kalshi and Polymarket are so sure the next administration will go against them and Trump they should start moving fast to cut all ties and clean the house before they are called to give testimony in the congress.

Its unexpected, since Trump family will be subject on more further investigation soon.

Also look at the quoted text I show below on which Democrats will demand an answer to his son, particularly on Trump Jr.

News source https://mezha.net/eng/news/mezha-f7fa26348b79d3edf730392f_democrats_say_trump

Rep. Robert Garcia of California, a candidate to lead House Oversight, said he would use “every tool available to investigate the Trump Crime Family.” In an interview with CNN, he said Trump’s sons should be expected to answer questions. Sen. Richard Blumenthal, a Democrat expected to lead the Senate Homeland Security and Governmental Affairs Committee, also named Trump family business dealings as a priority. Rep. Jared Huffman, the top Democrat on the House Natural Resources Committee, told The Associated Press he wants to examine a mining deal connected to the family.

So I guess Kalshi just tried to save their platform, while its early and maybe they want to stay out on the upcoming issues.

[Curious T]

I always wondered how he was able to work for both companies, considering that they are direct rivals. This is how you know there is more to this than meets the eye. It's actually very convenient timing to cut ties with him. He has been making investments in Polymarket for a long time, and this was not a secret, but they didn't bother to cut ties with him till now? There has to be more to the story. It's not like anything will even happen anyway. It will all get swept under the rug, but it shows the level of shady business that Trump and his family have been using their privilege for.

[nelson4lov]

No matter how you look at it, what Kalshi did is just business. It's likely that Democrats will win the next presidential election since they won the mid terms easily with a clean sweep. Kalshi cutting ties now may turn out to be a smart move especially if the future administration (if it's not Republicans) decide to investigate Trump sons, Kalshi might be caught in the web because Trump sons does not have presidential immunity and can be prosecuted for their shady dealings in the last few years.

Always better to be safe than sorry.

It may make some sense if they are actually looking toward a future in which having anything to do with the Trump family could be negative to their business, but if cutting ties with Trump Jr is a smart move in this market. Could we actually expect Polymarket to do exactly the same before the next presidential elections?

I have no doubt Polymarket and Trump will be investigated because of their ties with prediction markets, if Kalshi and Polymarket are so sure the next administration will go against them and Trump they should start moving fast to cut all ties and clean the house before they are called to give testimony in the congress.

Its unexpected, since Trump family will be subject on more further investigation soon.

Also look at the quoted text I show below on which Democrats will demand an answer to his son, particularly on Trump Jr.

News source https://mezha.net/eng/news/mezha-f7fa26348b79d3edf730392f_democrats_say_trump

Rep. Robert Garcia of California, a candidate to lead House Oversight, said he would use “every tool available to investigate the Trump Crime Family.” In an interview with CNN, he said Trump’s sons should be expected to answer questions. Sen. Richard Blumenthal, a Democrat expected to lead the Senate Homeland Security and Governmental Affairs Committee, also named Trump family business dealings as a priority. Rep. Jared Huffman, the top Democrat on the House Natural Resources Committee, told The Associated Press he wants to examine a mining deal connected to the family.

So I guess Kalshi just tried to save their platform, while its early and maybe they want to stay out on the upcoming issues.

Kalshi is a platform that information is traded and Trump's sons are notorious for using insider information to their own benefits along with other shady businesses. That's why it makes sense that they dissolved their relationship with Trump Jr since Kalshi themselves haven't have smooth sailings when it comes to navigating regulations for prediction markets.

[retreat]

He can't play both sides forever since Kalshi and Polymarket are competitors.  So sooner or later he needs to decide which platform to support.  And it seems he prefers Polymarket, maybe because of the investments from his investment firm and Polymarket's bigger market potential.  This is a normal business move, nothing special, even if another day he's on a different prediction platform, I wouldn't be surprised by that.