Trump Jr's firm leads $1 billion Polymarket raise at $21 billion value: Report
Covered by 2 sources · 2 articles
Polymarket has secured $1 billion in fresh funding led by 1789 Capital, a firm linked to Donald Trump Jr., in a round that values the prediction market platform at $21 billion. The investment marks a significant jump from the platform's previous $15 billion valuation. 1789 Capital is contributing roughly $300 million to the round, building on an existing stake of approximately $200 million. The new valuation positions Polymarket just below Kalshi, another major prediction market platform valued at $22 billion.
- Polymarket's valuation has climbed to $21 billion following the $1 billion funding round, up from $15 billion previously.
- 1789 Capital, with Trump Jr. ties, is the lead investor, committing $300 million in fresh capital plus an existing $200 million position.
- The funding reflects growing institutional interest in prediction market platforms, with Polymarket now approaching peer valuations in the space.
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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.
Trump Jr's firm leads $1 billion Polymarket raise at $21 billion value: Report
1789 Capital is putting in about $300 million, adding to a roughly $200 million stake, as the prediction market's valuation rises from $15 billion.