NEW YORK (AP) — Donald Trump Jr. is no longer a paid adviser for Kalshi, the prediction market company said Thursday.
Kalshi described the decision as a mutual business decision between the two parties that followed a decision by Trump Jr.'s investment firm, 1789 Capital, to increase its investment in Kalshi's biggest competitor Polymarket.
But the announcement comes a week after Democrats were able to take control of both the House and Senate in the midterm elections. Democrats have said they planned to investigate the Trump family's investments, including their business relationships with both prediction markets.
“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer," said Dani Lever, a spokesperson for Kalshi. “We are grateful for his contributions in helping us market Kalshi to more customers.”
The president's eldest son became a paid “strategic adviser” for Kalshi shortly after President Trump was sworn into office for his second term in January 2025 and has been an investor in Polymarket since August 2025. Both companies have seen their popularity and use jump significantly in the past two years.
At the same time, both companies have received favorable treatment from the White House. The Commodity Futures Trading Commission has backed the industry's efforts to expand their products nationwide, including allowing their customers to trade sports-related contracts.
Both companies have adamantly denied that the financial relationship between Polymarket, Kalshi and the Trumps played any role in how the industry has been regulated under this administration.
1789 Capital increased its investment in Polymarket this past August, as part of Polymarket's latest fundraising round. It was this investment that started the conversation about ending Trump Jr.'s advisory role with Kalshi.
FILE - A laptop screen displays trades on the Kalshi website, April 16, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File)
Donald Trump Jr., speaks before Vice President JD Vance at a campaign rally at Eugene F. Kranz Toledo Express Airport, Monday, Nov. 2, 2026 in Swanton, Ohio. (Tom Brenner/Pool via AP)
HUNTSVILLE, Texas (AP) — A Texas man convicted of fatally stabbing and beheading three young children in a squalid, windowless apartment in 2003 was executed Thursday evening, hours after Oklahoma put another man to death.
John Allen Rubio, 46, was pronounced dead at 6:47 p.m. after a lethal injection at the state prison in Huntsville. The killings of the baby girl and two toddlers so rocked the city of Brownsville on the U.S. border with Mexico that the apartment building was later demolished and the land turned into a park and community garden.
After a spiritual adviser prayed over him briefly, Rubio thanked friends and family for their “love and understanding” and said he was “not the same person I once was.” He thanked prison staff for teaching him how to find God and also expressed love for his common-law wife, Angela Camacho, who is serving life in prison for her role in the slayings.
“I want to say I’m sorry to my wife’s family,” he said. “I can’t change the past but I can tell you my life is going to be over. But that’s not going to make you happy."
“I’m going to be with my kids in a little bit,” he added. “I’m ready to go to heaven to be with my lord and savior.”
As the lethal dose of the sedative pentobarbital began taking effect, Rubio took three breaths and began what sounded like snoring. All movement ceased afterward, and a physician pronounced him dead 21 minutes after the injection began.
Earlier Thursday, James Pavatt, 73, received a lethal injection at an Oklahoma prison for the fatal shooting of his girlfriend’s estranged husband in 2001. The victim was killed as he arrived to pick up his two young children before Thanksgiving.
Thursday’s executions were the 36th and 37th this year, with the U.S. on track to surpass 40 executions for a second consecutive year — a pace driven by Florida.
The death penalty has drawn renewed attention since the failed execution of Christa Pike in Tennessee in September. And last week, California Gov. Gavin Newsom announced he would commute hundreds of death sentences before leaving office in January — what experts say would be the largest mass clemency in American history.
Rubio and Camacho were accused of killing 3-year-old Julissa Quesada, 14-month-old John E. Rubio and 2-month-old Mary Jane Rubio in the apartment they shared in Brownsville. Camacho drew a life sentence after pleading guilty.
An appeals court overturned Rubio’s first capital murder conviction, ruling Camacho's statements were improperly admitted as evidence in his trial. At his second trial, Rubio again pleaded not guilty by reason of insanity but again was convicted and sentenced to death.
According to court records, Rubio wasn’t the biological father of the two older children but treated them as his own.
At various points, Rubio claimed the children were possessed and that he was the “chosen one” intended to save the world.
Defense experts diagnosed him with paranoid schizophrenia, a finding prosecution experts rejected. The defense experts also testified his childhood — marked by violence at home, “toxic” parents, drug use and prostitution — damaged him developmentally.
When the Oklahoma inmate Pavatt was asked if he had any last words before his execution, he shook his head no. As a chaplain read from the Bible, Pavatt appeared to mouth some words that couldn't be heard.
Pavatt was convicted of first-degree murder and conspiracy to commit murder in the killing of Rob Andrew, a 39-year-old advertising executive. Pavatt attended the same church as the Andrew family and had been having an affair with Rob Andrew’s wife, Brenda Andrew. She was convicted at a separate trial and is the only woman currently on Oklahoma's death row.
Weeks before the shooting, Rob Andrew told police someone was trying to kill him after the brake lines on his car were cut. Brenda Andrew told police after her husband was killed that masked intruders shot her in the arm and fatally shot him.
Pavatt and Brenda Andrew fled to Mexico with her two children after the shooting and were arrested three months later while reentering the U.S.
Also Thursday, former Oklahoma death row inmate Richard Glossip pleaded guilty to a lesser charge of being an accessory in a 1997 murder and awaits sentencing in December. Glossip, who had been on the brink of execution three times, was released on bond in May after nearly 30 years in prison. He had been awaiting a retrial after the U.S. Supreme Court overturned his conviction.
Stengle reported from McAlester, Oklahoma.
This photo provided by the Oklahoma Department of Corrections shows James Pavatt in Feb. 2023. (Oklahoma Department of Corrections via AP)
This photo provided by the Texas Department of Criminal Justice shows John Allen Rubio on Oct. 31, 2022. (Texas Department of Criminal Justice via AP).
