Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report

Donald Trump Jr.-linked 1789 Capital will reportedly lead a $1 billion investment round into Polymarket, which would value the platform at $21 billion, just below Kalshi’s $22 billion valuation.

Donald Trump Jr.-linked investment firm 1789 Capital is reportedly investing about $300 million in Polymarket, a blockchain-based prediction market.

1789 Capital, where Donald Trump Jr. is a partner, will make the $300 million investment as part of a $1 billion round that would value Polymarket at $21 billion, people familiar with the matter told the Wall Street Journal on Monday. 

The investment would bring 1789 Capital’s total investment in Polymarket to about $500 million and make it one of the platform’s largest backers.

Read more