Donald Trump Jr. backs Polymarket with multimillion-dollar investment

Donald Trump ￰0￱ invested in the world’s largest crypto-based prediction platform, ￰1￱ the 1789 Capital fund, Trump ￰2￱ an unnamed sum in the tens of ￰3￱ received an unnamed sum in the tens of millions from 1789 Capital, the VC fund backed by Donald Trump ￰4￱ cited by Axios also announced Trump ￰5￱ be joining Polymarket’s board in the position of ￰6￱ ￰7￱ also an advisor for Kalshi, Polymarket’s main prediction ￰8￱ investment may further pave the way for Polymarket’s return to US customers, after the platform saw its services limited due to the lack of a betting ￰9￱ previously reported by Cryptopolitan, Polymarket acquired the QCX platform, securing a license that could apply to the prediction ￰10￱ may make headway in the US market The involvement of Trump ￰11￱ signals that crypto-based predictions may face little legal risk under the current Trump administration, despite misgivings about Polymarket and its ￰12￱ also gained a valuation of up to $1B based on the Founders Fund updated estimation from the platform’s latest funding ￰13￱ far, Polymarket remains tokenless, though it has floated the idea of issuing a native stablecoin in addition to using ￰14￱ to sources cited by Axios, 1789 Capital may consider Polymarket as a candidate for going public with an IPO ￰15￱ Polymarket investment follows the market trend where platforms and stablecoins become the major use cases for on-chain ￰16￱ platform may have started talks on financing back in 2024, as 1789 Capital founder Omeed Malik reached out to Coplan.

However, the investment was delayed before securing regulatory clarity for entering the US ￰17￱ may also boost its reach through X , as the social media’s official news and prediction ￰18￱ prediction platform is no longer investigated by the CFTC and the US DOJ, but its role as a fully accessible market is still ￰19￱ faces other obstacles, including a recent ban in Australia under the umbrella of general betting ￰20￱ prediction market is also investigating a $40M arbitrage exploit, as bots were able to outplay human ￰21￱ grows on breaking news Polymarket established over $138M in open interest, remaining relatively constant over the past few ￰22￱ platform saw an outflow of users, though predictions as a whole expanded in competitive ￰23￱ users on Polymarket diminished in July, with only 179K on a monthly ￰24￱ saw an outflow of users, but open interest remains relatively constant. |