Trump Jr's firm leads $1 billion Polymarket raise at $21 billion value: Report
1789 Capital is putting in about $300 million, adding to a roughly $200 million stake, as the prediction market's valuation rises from $15 billion.
Donald Trump Jr's venture capital firm, 1789 Capital, is leading a US$1 billion funding round for Polymarket, a prediction market. The firm's spokesperson, Alexa Henning, revealed that approximately US$300 million of the investment comes from 1789 Capital. Previously, 1789 Capital had invested around US$200 million in Polymarket, which is currently valued at US$15 billion.
Prediction markets have gained popularity in recent years, allowing users to bet on various events, such as presidential speeches or reality TV show outcomes. Donald Trump Jr joined Kalshi as an adviser in 2025 and has also invested in Polymarket through 1789 Capital. Meanwhile, President Donald Trump has taken steps to support the industry, with his Commodity Futures Trading Commission appointee, Michael S Selig, praising the companies and challenging state regulations.
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