Donald Trump Jr.’s 1789 Capital to Put $300M Into Polymarket

Trump Jr.'s involvement in the prediction industry extends beyond Polymarket, as he also advises rival firm Kalshi. 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. 1789 Capital’s Stake Keeps Growing 1789 Capital spokesperson Alexa Henning said the firm’s total investment in Polymarket now sits at around $500 million combined between the new money and what it put in previously. The $21 billion figure is a jump from the roughly $15 billion valuation Polymarket was working with back in April, when the platform first opened talks on a new funding round. Polymarket, alongside similar platforms like Kalshi, lets users bet on outcomes ranging from what a president says in a speech to who g...