Donald Trump Jr. Sees Potential Large Paper Gains on Kalshi Stake as Valuation Surges to $22 Billion

According to FT, Donald Trump Jr. may have generated substantial paper gains on his Kalshi equity stake as the prediction market platform's valuation rose to $22 billion last month. Trump Jr. received approximately $300,000 in Kalshi stock when he joined as strategic advisor in early 2025, when the company was valued below $2 billion.

The company is reportedly in talks for funding at around $40 billion valuation. However, Trump Jr.'s shareholding was significantly diluted in subsequent financing rounds, figures show.

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