The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.
This story was originally published by Cointelegraph.
Gemini shares rose more than 6% after hours, though the stock remains down around 75% since the year began.
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Trump Jr. joined Kalshi as a strategic adviser in January 2025, helping the prediction market expand its customer base and strengthen its market presence.
Polymarket has laid off employees and ended several contractor agreements as part of a broader company restructuring. Cuts have mainly affected its marketing, customer experience, and engineering…
