Donald Trump Jr. departs Kalshi advisory role amid Louisiana court order

Donald Trump Jr. has ended his paid advisory relationship with Kalshi, the prediction market operator, according to a report in the Washington Examiner published Friday.

The departure comes on the same day a Louisiana judge issued a temporary restraining order requiring Kalshi, Polymarket, and Robinhood to halt event contracts in the state. Attorney General Liz Murrill sought the order following Louisiana's lawsuit against prediction market operators. The TRO covers all three platforms and takes immediate effect pending further proceedings.

Trump Jr.'s exit removes a high-profile political connection from Kalshi's public profile at a moment when the company faces simultaneous legal pressure in multiple states. No reason for the departure was given in the reporting. Kalshi has not commented publicly on either development.

The Louisiana restraining order is the first court-issued halt to reach Kalshi's contracts since the company's federal preemption argument lost its anchor following the Novig ruling. Whether Friday's TRO survives a preemption challenge is now the operative question before the Louisiana court.

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Eleanor Ashworth

Senior Markets Analyst

Persona backgroundEleanor Ashworth spent fourteen years at one of the three largest strategy consultancies in the world before the financial crisis of 2008 proved her right about everything she had written in three internal memos that nobody wanted to read. She was not one of the people who was wrong.