Donald Trump Jr.’s 1789 Capital Invests in Polymarket, Joins Advisory Board

Polymarket, a leading prediction platform, has secured a double-digit million-dollar investment from 1789 Capital, the venture firm led by Donald TRUMP Jr. The deal includes Trump Jr. joining Polymarket’s advisory board, signaling deeper involvement in the burgeoning prediction markets sector.

The investment follows Polymarket’s recent $1 billion valuation by Founders Fund and its strategic acquisition of QCEX, a derivatives exchange, for $112 million. This MOVE grants Polymarket a coveted CFTC license, paving the way for its regulated entry into the U.S. market.

Polymarket has already processed over $6 billion in predictions this year, including $3.3 billion wagered on the 2024 Trump-Harris election. Previously restricted to non-U.S. users, the platform’s QCEX partnership could soon open doors for American participants.