Trump Jr.'s zero-cost entry, dilution aside, the paper numbers are still ridiculously attractive.

CoinWorld reports that Donald Trump Jr., the eldest son of former U.S. President Donald Trump, joined the prediction market platform Kalshi as a strategic adviser at the beginning of 2025, receiving about $300,000 worth of Kalshi equity at a time when the company’s valuation was under $2 billion. Kalshi’s funding valuation rose to $22 billion last month, and it is reportedly in talks to raise funds at a valuation of about $40 billion as early as this year’s third quarter. Trump Jr.’s equity may have generated substantial paper gains. The report says Trump Jr. did not invest his own money at the time, but his shares were significantly diluted in Kalshi’s subsequent share issuance.