Trump Jr’s VC Company Takes Stake In PolyMarket At $1 Billion+ Valuation

Polymarket, the world’s largest prediction platform, has secured a double-digit million-dollar investment from Donald Trump Jr.’s venture capital fund 1789 Capital, Axios reported Tuesday.

As part of the deal, Trump Jr. will also join Polymarket’s advisory board.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform,” said Donald Trump Jr.

 “Polymarket cuts through media spin and so-called ‘expert’ opinion by letting people bet on what they actually believe will happen in the world. I am pleased that 1789 Capital is investing in Polymarket and am honored to join the company’s advisory board. I look forward to working with the team to advance its mission of bringing truth and transparency to everyone – including the U.S.”

The investment comes just months after Polymarket was valued at more than $1 billion by Founders Fund and follows the company’s $112 million acquisition of derivatives exchange QCEX, which gave it a CFTC license to operate in the US.

“1789 Capital looks to invest in companies that are entrepreneurial, innovative, and demonstrate great potential for growth. Polymarket meets each of these criteria,” said Omeed Malik, Founder of 1789 Capital.

“Polymarket stands at the intersection of free expression and financial innovation by empowering individuals with real-time truth in a world clouded by noise, and we are proud to support its vision.”

Trump Jr. now stands on both sides of the sector, also serving as a paid strategic advisor to Kalshi, Polymarket’s main rival and a fully regulated US prediction market.

1789, whose portfolio also includes Anduril and SpaceX, views Polymarket as an eventual IPO candidate.