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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/02/2026

Trump Jr.'s 1789 Capital Leads $1B Polymarket Raise at $21B Valuation

What happened: 1789 Capital, where Donald Trump Jr.

Trump Jr.'s 1789 Capital Leads $1B Polymarket Raise at $21B Valuation

What happened: 1789 Capital, where Donald Trump Jr. is a partner, is leading a $1 billion funding round for prediction market Polymarket, valuing the company at $21 billion—a 40% increase from its April round. 1789 is contributing about $300 million, building on a prior $200 million stake. Intercontinental Exchange (ICE) has also invested $1.6 billion to date. The round has not been formally confirmed by Polymarket, but Bloomberg and other outlets report it as finalized.

Why it matters: The scale of the raise and the involvement of high-profile political figures intensify scrutiny of Polymarket's governance and regulatory posture. The rapid valuation increase reflects both the platform's growth and the broader trend of institutional capital flowing into crypto-native prediction markets. However, the political entanglement and lack of formal confirmation introduce uncertainty around the final terms and future oversight.

Source: CoinDesk