Trump Jr’s Firm Heads Polymarket’s $1B Raise At A Strong $21B Valuation

TL;DR

• Trump Jr. leads through 1789 Capital a $1B round in Polymarket, valuing the platform at $21B.
• The firm contributes an additional $300M to the $200M already invested, raising Polymarket’s valuation 40% from the previous $15B.
• The President’s family accumulates positions across different prediction markets: Trump Jr. advises both Polymarket and Kalshi, where he received shares worth over $300,000.

The venture capital firm of Donald Trump Jr., 1789 Capital, leads a $1 billion funding round in Polymarket that values the prediction markets platform at $21 billion. The information was confirmed by Alexa Henning, a spokesperson for the firm. The round represents a 40% jump from the previous valuation of $15 billion, recorded just months ago.

Of that total, 1789 Capital will contribute approximately $300 million, added to a pre-existing position of around $200 million. The platform competes in the prediction markets segment alongside Kalshi, where users can bet on outcomes ranging from what a president says in a speech to who gets married on a reality show. Both platforms recorded very strong and consistent growth over the past year.

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