WashingtonTrump Jr.’s firm invested $300 million in Polymarket, Kalshi’s rival.
He held Kalshi equity while the US administration backed Kalshi against state regulators.
The Commodity Futures Trading Commission has sued 11 states over regulation and filed briefs backing Kalshi.
Kalshi chief executive Tarek Mansour said Trump Jr. never had regulatory involvement.
New Jersey is asking the Supreme Court to overturn Kalshi’s Third Circuit win.
How each outlet framed it
- Ars Technica leans critical
- quantifies Trump Jr.'s Kalshi stake: about $300,000 in equity valued under $2 billion, under a tenth of the $22 billion round
Sources: Ars Technica