Donald Trump Jr invests millions in Polymarket after Kalshi advisory role: report

Donald Trump Jr has deepened his presence in the crypto-linked prediction market sector with an investment in Polymarket, following his earlier advisory role with rival platform ￰0￱ move highlights the growing ties between the Trump family and prediction markets, with both political and financial implications. 1789 Capital, the investment firm that Donald Trump Jr joined as a partner last year after his father’s re-election as US president, has invested “double-digit” millions of dollars into Polymarket, according to ￰1￱ part of the deal, Trump Jr will also take a seat on the prediction market platform’s advisory ￰2￱ development comes as the platform gains traction following the end of a US Department of Justice probe in July, which had previously cast uncertainty over its ￰3￱ Jr backs Polymarket with multimillion-dollar investment Trump Jr’s investment in Polymarket signals a significant bet on the future of online prediction ￰4￱ timing is notable, as the platform has seen increased momentum since the Department of Justice closed its investigation last month.

Polymarket, which currently blocks American users from accessing its services, is exploring new avenues of expansion, including plans to launch its own ￰5￱ became a prominent name after accurately predicting Donald Trump’s presidential victory in ￰6￱ company has since drawn fresh attention by capitalising on political events and regulatory shifts, which could prove crucial as it seeks to legitimise its business in the ￰7￱ Kalshi role raises competition questions The latest development comes just months after Trump Jr joined Kalshi, Polymarket’s direct competitor, as a strategic advisor in ￰8￱ the time, Kalshi said Trump Jr would bring his business experience and political influence to help mainstream prediction ￰9￱ investment in Polymarket now raises questions over competing interests, as he has positioned himself within both of the most prominent players in the ￰10￱ and Polymarket differ in approach but operate within the same prediction market ￰11￱ has focused on regulatory approvals to offer event contracts legally in the US, while Polymarket has leaned on blockchain-based models to expand ￰12￱ family’s role in crypto expands This is not Trump Jr’s first foray into crypto-related ￰13￱ has been linked with projects such as World Liberty Financial (WLFI) and crypto mining, alongside his ￰14￱ Polymarket investment further cements the Trump family’s involvement in digital ￰15￱ the size of Polymarket’s valuation means “double-digit millions” may not amount to a controlling stake, Trump Jr’s participation is seen as significant given his family’s political ￰16￱ Americans still blocked from using the service, Polymarket’s ties to the Trump family could potentially open doors to regulatory discussions in ￰17￱ overlap between politics, crypto, and financial innovation is expected to grow under the current ￰18￱ Polymarket looks to expand, its partnership with figures linked to the Trump family could provide it with a strategic edge in navigating the US regulatory environment.