Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report
Summary
Donald Trump Jr.-linked 1789 Capital is reportedly investing about $300 million in Polymarket as part of a larger $1 billion funding round that would value the blockchain prediction market at $21 billion. That would lift 1789 Capital’s total investment in Polymarket to about $500 million, making it one of the platform’s biggest backers. ICE remains the largest disclosed investor, with about $1.6 billion invested in Polymarket preferred shares, worth about $2 billion as of June 30. Polymarket had previously sought new funding at a much lower $15 billion valuation. The company is operating amid rising regulatory pressure in the US and abroad, including legal actions by more than a dozen US states and banking fallout tied to those concerns.
