Polymarket Set to Receive Approximately $300 Million Additional Investment from 1789 Capital, Valuation Could Reach $21 Billion

According to Odaily, sources familiar with the matter have revealed that 1789 Capital, where Donald Trump Jr. serves as a partner, plans to participate in and lead a funding round of approximately $1 billion, intending to invest an additional $300 million in the prediction market platform Polymarket. If the deal is completed, Polymarket's valuation could reach approximately $21 billion. 1789 Capital has previously invested a cumulative total of about $200 million, and upon completion of the transaction, it will become one of Polymarket's largest investors. Currently, Intercontinental Exchange (ICE) is Polymarket's largest investor, having previously disclosed that it holds Polymarket shares worth approximately $1.6 billion, accounting for about 22% of its outstanding shares.