President Donald Trump's eldest son, Donald Trump Jr., has reportedly lost many of the valuable political and business connections that made him a power broker during his father's second administration — including a lucrative advisory role at the prediction market Kalshi.

According to a Thursday report by Erkki Forster in The Daily Beast, "Donald Trump Jr. has lost his lucrative gig at the prediction market Kalshi." The 48-year-old's exit comes as newly empowered Democrats have vowed to investigate the president and his family's business dealings with the prediction industry and crypto markets.

Forster added that a Kalshi spokesperson said the departure was a response to Trump Jr.'s venture capital firm, 1789 Capital, increasing its stake in rival prediction market Polymarket. For readers new to the space, prediction markets are platforms where users trade contracts on the outcomes of real-world events, from election results to economic data. Kalshi experienced meteoric growth after hiring Trump Jr., as the president's regulators embraced prediction markets. Until the mutually agreed exit, the arrangement left the president's son advising one platform while his firm deepened its stake in its closest competitor.

"We have mutually agreed to end Don's advisory role after his firm's significant investment in a competitor this past summer. We are grateful for his contributions in helping us market Kalshi to more customers," a Kalshi spokesperson told The Daily Beast. A spokesperson for Trump Jr. conveyed the same statement to the outlet, adding that those who wished to speak with Don Jr. could do so in August — meaning any fuller account from him, along with the results of the Democrats' vowed probes, remains ahead.

Criticism After the Midterms

Shortly after Republicans lost the 2026 midterm elections, Trump Jr. found himself under regular criticism from individuals who opposed the administration's method of governing. Earlier this year, students at Emory Law School shouted taunts at the Trump family.

In a separate episode, protesters shouted, "This country has rebuked you!" at Trump Jr. as he attempted to deliver his message on the University of Georgia campus, according to a video captured by TMZ. They also shouted, "We won the House and the Senate!"

Business Dealings Under Scrutiny

"Around the same time, Cantor Fitzgerald, an investment company controlled by Mr. Lutnick's family and overseen by his sons Brandon and Kyle Lutnick, helped one of the lead investors working with Dominari on the Kazakh deal raise $210 million in new capital for a related entity," The New York Times wrote. "Such rounds of fund-raising typically net Cantor millions of dollars in fees."

Trump Jr. has specifically faced heated criticism for allowing his 2026 wedding to be funded by a Russian oligarch. "The president has also privately complained to aides that his son Donald Trump Jr. exhibited bad judgment for allowing Russian businessman Umar Kremlev to pay for his post-wedding party in the Bahamas," a November report said.

This article is based on reporting by Alternet.