Donald Trump Jr was handed about $300,000 worth of equity in Kalshi after joining the prediction market platform as a strategic adviser in early 2025, according to people familiar with the matter.
Kalshi’s donation of the shares to the US president’s eldest son granted him a stake in the private company when it was valued at under $2bn, less than a tenth of its $22bn valuation in a funding round last month.
Trump Jr did not invest any of his own money in Kalshi at the time, one of the people said. But he has amassed a large paper gain as the company has surged in value.
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