Donald Trump Jr.’s 1789 Capital to Put $300M Into Polymarket
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Donald Trump Jr.'s VC firm 1789 Capital is leading a $1 billion funding round that values prediction-market platform Polymarket at $21 billion, contributing about $300 million on top of a prior $200 million stake. The round lifts Polymarket's valuation roughly 40% from about $15 billion earlier this year, underscoring strong fundraising and crypto/DeFi adoption momentum for prediction markets. However, regulators in multiple countries and at least one US city moving to shut out such platforms pose material regulatory risk to adoption and market impact.
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Donald Trump Jr.’s venture capital firm, 1789 Capital, is leading a $1 billion funding round that values Polymarket at $21 billion, contributing roughly $300 million in fresh capital on top of the $200 million it had already put into the prediction market platform.
The new round lifts Polymarket’s valuation 40% above the roughly $15 billion mark it carried earlier this year, and it comes as the Trump family’s footprint in prediction markets keeps growing even as regulators in multiple countries and at least one US city move to shut the platforms out.
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