Trump Jr.’s 1789 Capital leads $1B Polymarket funding round at $21B valuation, marking a 40% jump from the prediction market’s previous value

1789 Capital is putting about $300 million into the round, on top of roughly $200 million it had already invested, a firm spokesperson said Monday. Polymarket was last valued at about $15 billion, so the new round lifts its value 40% in a matter of months. The Trump family's involvement in prediction markets has grown alongside the sector's rise. Trump Jr. advises both Polymarket and rival Kalshi, and received Kalshi shares worth more than $300,000. The president's CFTC appointee, Michael Selig, has praised these companies and sued states attempting to regulate them.

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