Donald Trump Jr.'s 1789 Capital Takes Stake in Prediction Market Polymarket

Donald Trump ￰0￱ invested in blockchain-based prediction platform Polymarket through his venture firm 1789 ￰1￱ part of the deal, Trump ￰2￱ join Polymarket's advisory board, according to a press ￰3￱ investment comes as part of a push by 1789 Capital into crypto-related infrastructure and alternative finance ￰4￱ to Axios, 1789 committed tens of millions of dollars to Polymarket and had been in discussions with the company for the past 18 months. Polymarket, which allows users to bet on the outcomes of real-world events such as elections, court rulings and geopolitical conflicts, has seen sharp growth in user ￰5￱ the last ￰6￱ cycle alone, the platform has processed more than $8 billion in ￰7￱ volume has put it ahead of major online sports betting operators like FanDuel, DraftKings and Betfair in terms of ￰8￱ company recently closed in on a $200 million funding round led by Peter Thiel’s Founders Fund, pushing its valuation to $1 ￰9￱ Polymarket currently blocks U.

S.-based users from participating in its betting markets due to regulatory restrictions, its recent acquisition of derivatives exchange QCEX could change ￰10￱ holds a license from the ￰11￱ Futures Trading Commission (CFTC), which opens the door for Polymarket to offer legally compliant prediction markets to American users in the ￰12￱ markets — where users stake funds on the outcomes of events — have drawn renewed attention for their accuracy and speed compared to traditional polling or ￰13￱ the run-up to elections or court rulings, these markets often serve as real-time gauges of public sentiment and risk ￰14￱ investment aligns with 1789 Capital’s stated mission to back technologies that reinforce “American dynamism” — a term increasingly used by conservative venture capital circles to describe a return to domestic innovation and self-sufficiency.