> Donald Trump Jr. Got A Kalshi Stake For Free— Now It Could Be Worth Billions As Prediction Market Platform Eyes $40 Billion Valuation

> Kalshi handed him equity worth roughly $300,000 when he joined as a strategic adviser in early 2025. ... Kalshi granted him the stake when the company was valued at under $2 billion — less than a tenth of its $22 billion valuation in a funding round last month ...

Um, how does a $300K stake at an "under $2 billion" valuation become "worth billions" with a 10-50x valuation increase?

(Disclaimer: I'm not defending the Trump family in any way, the administration has been absurdly and blatantly corrupt.)