Polymarket reportedly raises $300 million from Donald Trump Jr.’s investment fund
Polymarket is raising $1 billion in a funding round led by 1789 Capital, a firm co-founded by Donald Trump Jr. The round values the blockchain-based prediction market platform at $21 billion. 1789 Capital is reportedly contributing $300 million to the platform. This funding aims to boost Polymarket's resources during a period of high visibility.
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- ✓ Polymarket is raising $1 billion in a funding round.
- ✓ The funding round values Polymarket at $21 billion.
- ✓ 1789 Capital, a firm co-founded by Donald Trump Jr., is leading the funding round.
- ✓ 1789 Capital is expected to contribute $300 million to Polymarket.
What changed
Additional sources confirmed the $1 billion funding round and 1789 Capital's involvement.
Live updates
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Polymarket raises $1 billion at $21 billion valuation
Polymarket is raising $1 billion in a funding round led by 1789 Capital, a firm co-founded by Donald Trump Jr. The round values the blockchain-based prediction market platform at $21 billion. 1789 Capital is reportedly contributing $300 million to the platform. This funding aims to boost Polymarket's resources during a period of high visibility.
Why it matters
The funding round comes as prediction markets face scrutiny from US courts. Donald Trump Jr. is also tied to rival prediction market Kalshi through a paid advisory role. The investments in both platforms highlight the growing interest in prediction markets despite regulatory challenges.
What is confirmed
- Polymarket is raising $1 billion in a funding round.
- The funding round values Polymarket at $21 billion.
- 1789 Capital, a firm co-founded by Donald Trump Jr., is leading the funding round.
- 1789 Capital is expected to contribute $300 million to Polymarket.
- Donald Trump Jr. holds a paid advisory role at rival prediction market Kalshi.
What to watch next
- US court rulings on prediction markets
- Polymarket's utilization of the $1 billion funding
- Regulatory actions against prediction markets
confidence 100%Sources used for this update (5)
- coingeek.com — Kalshi, Polymarket raise funds, US courts lower the boom
- finance.yahoo.com — Polymarket valuation hits $21bn as Trump Jr's firm leads $1bn round
- finance.yahoo.com — Trump Jr. Now Profits From Both Sides of the US Kalshi, Polymarket Rivalry
- finance.biggo.com — VC Tied to Donald Trump Jr. to Invest ¥47 Billion in Polymarket, Becoming Second-Largest Shareholder After ICE
- sports.yahoo.com — NFL news, live updates: Pro Football Hall of Fame voting process revamped after Bill Belichick snub; WR Michael Wilson, Cardinals reportedly agree on 3-year extension
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1789 Capital leads $1 billion Polymarket funding round
Polymarket is raising $1 billion in a funding round that values the platform at $21 billion. The round is led by 1789 Capital, an investment firm where Donald Trump Jr. serves as a partner and key shareholder. As part of this capital raise, 1789 Capital is reportedly contributing $300 million to the platform. Multiple reports indicate the funding is intended to boost the prediction market's resources during a period of high visibility.
Why it matters
Polymarket operates as a decentralized prediction market where users bet on the outcomes of real-world events. The involvement of a fund linked to the Trump family connects the platform's financial growth to high-profile political figures. This investment occurs as the platform's valuation reaches $21 billion.
What is confirmed
- 1789 Capital led a $1 billion funding round for Polymarket.
- The funding round values Polymarket at $21 billion.
- Donald Trump Jr. is a partner and key shareholder at 1789 Capital.
- 1789 Capital is investing $300 million into Polymarket.
What to watch next
- Official confirmation of the funding terms from Polymarket
- Disclosure of other participants in the $1 billion round
confidence 100%Sources used for this update (12)
- TechCrunch — Polymarket reportedly raises $300 million from Donald Trump Jr.’s investment fund
- nytimes.com — Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
- WSJ — Exclusive | Donald Trump Jr.’s Fund Boosts Polymarket Investment by Around $300 Million
- Dealroom — Polymarket raises $1B at $21B valuation, led by 1789 Capital
- ua.news — Polymarket reportedly raises $300 million from 1789 Capital, WSJ says
- Bloomberg.com — Polymarket Funding Round Led By 1789 Values Firm at $21 Billion
- Forbes — Trump Jr.’s 1789 Capital Leads New $1 Billion Funding Round For Polymarket
- www.forbes.com — Forbes Daily: The Supreme Court Hands Trump A White House Ballroom Win
- cointelegraph.com — Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report
- blockonomi.com — Polymarket Funding Round Reportedly Values Company At $21 Billion
- finance.yahoo.com — Trump Jr.’s Firm Invests $300 Million into Polymarket
- news.bitcoin.com — Trump Jr. Adds Another $300M Into Polymarket’s $21B Funding Round
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