Trump Family-Linked Fund to Invest $300M in Polymarket in $1B Round
The round values Polymarket at $21 billion as 1789 Capital deepens its backing of the prediction market, which has faced growing regulatory scrutiny.
- On Monday, Polymarket secured $300 million from 1789 Capital, the venture firm led by Donald Trump Jr., in a funding round valuing the prediction market at $21 billion.
- 1789 Capital previously invested $200 million in the site when it held a $15 billion valuation, as prediction markets like Polymarket and Kalshi exploded in popularity over the past year.
- President Donald Trump has actively promoted the industry, declaring on Truth Social that prediction markets would "thrive" under his leadership while his family maintains a growing financial stake.
- The Commodity Futures Trading Commission has sued at least nine states that attempted to regulate sports-related wagers, asserting federal authority over the industry.
- Defending the regulatory status quo, Trump Jr. recently cited "robust oversight" during a meeting with state attorneys general, opposing state-level intervention in prediction markets.
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Watch Polymarket Valuation Hits $21B, Led By Trump Jr.'s 1789
Bloomberg's Todd Gillespie joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Venture capital firm 1789 Capital is leading a new funding round for Polymarket that will give the prediction-markets platform a $21 billion post-money valuation.
Trump's son cashes in on Polymarket as insider-trading accusations mount
Donald Trump Jr. once again draws attention over potential insider trading after investing in the Polymarket betting platform, WSJ reports.️ 1789 Capital, the investment firm where Trump's eldest son is a partner, is pouring $300 million...
Trump Jr’s fund 1789 Capital leads a $1bn round valuing Polymarket at $21bn
Donald Trump Jr is a partner at the fund leading Polymarket’s new funding round. He is also a strategic adviser to Kalshi, Polymarket’s principal competitor. 1789 Capital is putting about $300m into a round of roughly $1bn that values Polymarket at $21bn, Forbes reported. Other investors in the round have not been named. The firm was already […] This story continues at The Next Web
Trump Jr's 1789 Capital Leads $1 Billion Polymarket Round at $21 Billion Valuation
1789 Capital is putting in about $300 million on top of a roughly $200 million stake, lifting Polymarket's valuation 40% in a matter of months. The post Trump Jr’s 1789 Capital Leads $1 Billion Polymarket Round at $21 Billion Valuation appeared first on Unchained.
Trump Jr.-Linked 1789 Capital Leads Polymarket’s $1B Round at $21B Valuation: Report
1789 Capital, the investment firm where Donald Trump Jr. is a partner, is leading a $1 billion funding round for blockchain-based prediction market Polymarket, the Wall Street Journal reported on Monday, citing people familiar with the matter.Visit Website
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