Kalshi drops Trump Jr. as adviser after senators flag his ties

Prediction market Kalshi has ended its adviser arrangement with Donald Trump Jr. just days after senators raised concerns about his ties to the company. He had received $300,000 in shares in Kalshi, which is now valued at $22B. The move is a governance and political-risk story for the prediction-market sector rather than a direct crypto price catalyst, though Kalshi's regulatory standing matters to crypto-adjacent event markets.