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Kalshi cuts ties with adviser as firm increases investment in competitor, Mario Nawfal notes

Kalshi cuts ties with adviser as firm increases investment in competitor, Mario Nawfal notes
Kalshi adviser departs after rival investment

Kalshi has ended its relationship with a key adviser after the adviser's venture firm expanded its investment in Polymarket, a direct rival.

Mario Nawfal reported that Don Jr. had been a strategic adviser to the $40 billion prediction market since early 2025, while his firm, 1789 Capital, continued growing its stake in the competitor.

Nawfal has recently commented on shifting valuations in high-profile markets. He reported that Anthropic could face a $500 billion cut to its planned IPO valuation. In a separate report, Nawfal also noted that economists no longer expect China to surpass the U.S. economy soon.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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