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"It just so happens that the Trump family has close ties to Polymarket and Kalshi. One of the investors in Polymarket is the venture-capital outfit 1789 Capital, where Donald Trump, Jr., is a partner. Trump, Jr., is also a “strategic adviser” to Kalshi." www.newyorker.com/news/the-fin...
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The power struggle over regulating crypto and prediction markets offers a window into how the President enriches his family and his wealthy supporters.
www.newyorker.com
Why Donald Trump Cares About Prediction Markets
John Cassidy