Polymarket Eyes $21 Billion Valuation as Trump Jr.’s Firm Leads $1 Billion Raise
TLDR
- Donald Trump Jr.’s 1789 Capital is leading a $1 billion funding round in Polymarket
- The round values Polymarket at $21 billion, up 40% from its previous $15 billion valuation
- 1789 Capital has invested around $200 million previously and plans to add $300 million more
- ICE, owner of the New York Stock Exchange, remains Polymarket’s largest shareholder at roughly 22%
- Democratic lawmakers are investigating 1789 Capital’s growth and its ties to federally regulated industries
Polymarket is in talks to raise $1 billion at a $21 billion valuation, with Donald Trump Jr.’s venture capital firm 1789 Capital leading the round.
Trump Jr.-Backed 1789 Capital to Add About $300M to Polymarket at $21B Valuation
The Wall Street Journal reported that 1789 Capital, where Donald Trump Jr. is a partner, plans to invest about $300 million more in prediction market platform Polymarket. The investment is part of a… pic.twitter.com/sAvdcxfS2D
- Wu Blockchain (@WuBlockchain) August 31, 2026
1789 Capital plans to contribute around $300 million. That follows roughly $200 million the firm had already put into the platform, giving it about $500 million in total exposure if the deal closes.
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