Donald Trump Jr. Makes Strategic Investment in Prediction Market Polymarket

1789 Capital, co-led by Donald Trump Jr., has made a significant investment in the blockchain-based prediction market platform, Polymarket. This move comes as part of 1789 Capital’s strategy to explore opportunities in crypto-related infrastructure.

• The firm has reportedly invested tens of millions.
• Polymarket, recently valued at $1 billion, is nearing the completion of a $200 million funding round led by Peter Thiel’s Founders Fund.

As part of the agreement, Trump Jr. will also join the advisory board of Polymarket.

Polymarket has gained traction by allowing users to bet on real-world events, processing over $8 billion in bets during the last U.S. election cycle alone.

Despite regulatory restrictions that prevent U.S.-based users from participating, the recent acquisition of QCEX, a licensed derivatives exchange, may enable compliance for future U.S. users.

This investment aligns with 1789 Capital’s mission to back technologies that foster American innovation.