Trump Jr. strengthens Polymarket’s political ties

Prediction market Polymarket has added Donald Trump ￰0￱ its advisory board following a strategic investment from 1789 Capital , a fund that brands itself as politically aligned with “American exceptionalism.” Axios estimated the deal to be worth “double-digit millions of dollars,” though no official terms were ￰1￱ Jr., who became a partner in 1789 Capital in 2024, said in a statement that the platform allows people to “cut through media spin and so-called ‘expert’ opinion” by letting them back what they truly believe will ￰2￱ for a regulated US return The move comes as Polymarket intensifies efforts to re-enter the US market under regulatory ￰3￱ company previously faced a $1.4 million fine in 2022 from the Commodity Futures Trading Commission (CFTC) for operating an unregistered swaps platform and was forced to block US ￰4￱ July 2025, Polymarket acquired CFTC-licensed derivatives exchange QCEX for $112 million, paving the way for a legal ￰5￱ purchase coincided with the closure of CFTC and Department of Justice investigations into its ￰6￱ growth and mounting scrutiny Founded in 2020, Polymarket lets users wager cryptocurrency on everything from presidential elections to celebrity ￰7￱ platform quickly became one of the world’s largest prediction markets, handling millions in daily volume but also attracting scrutiny from ￰8￱ the 2024 presidential race , Polymarket processed more than $3.6 billion in bets , with $2.7 billion tied to the Trump–Harris ￰9￱ surge drew criticism from lawmakers, including Senators Elizabeth Warren and Jeff Merkley , who urged the CFTC to ban election betting ￰10￱ and broader concerns Polymarket’s main US rival, Kalshi , has faced its own regulatory battles, particularly over political event ￰11￱ of conflicts of interest arose in 2024 when Representative Dina Titus pushed for a probe into Brian Quintenz , a former CFTC commissioner serving on Kalshi’s ￰12￱ has also spread beyond ￰13￱ NFL recently warned that unregulated prediction markets pose integrity risks , lacking the compliance and monitoring requirements of licensed sportsbooks.

What’s next for Polymarket? Despite skepticism, Polymarket’s momentum appears ￰14￱ July 2025, the company was reported to be finalizing a $200 million funding round valuing it at $1 ￰15￱ August, it had launched a US rulebook and began running digital ads promoting its domestic ￰16￱ Trump ￰17￱ its board and significant new funding, Polymarket is positioning itself not just as a crypto prediction platform but as a political and financial player entering the US spotlight once again.