Donald Trump Jr.'s free Kalshi stake now worth millions

According to the Financial Times, a stake in the prediction market platform Kalshi received by Donald Trump Jr., son of President Donald Trump, has surged in value to potentially millions of dollars. Trump Jr. was given shares worth approximately $300,000 when he joined Kalshi as a strategic advisor in early 2025, investing none of his own funds. At the time, the company was valued at under $2 billion. However, Kalshi's valuation jumped to $22 billion in a funding round last month and is reportedly in discussions for another round as early as the third quarter of this year at a valuation of around $40 billion. The report added that Trump Jr.'s stake has been significantly diluted since he received it due to the issuance of new shares.