Donald Trump Jr. backs Polymarket with multimillion-dollar investment
The post Donald Trump Jr. backs Polymarket with multimillion-dollar investment appeared on BitcoinEthereumNews.com.
Donald Trump Jr. has invested in the world’s largest crypto-based prediction platform, Polymarket. Through the 1789 Capital fund, Trump Jr. injected an unnamed sum in the tens of millions. Polymarket received an unnamed sum in the tens of millions from 1789 Capital, the VC fund backed by Donald Trump Jr. Sources cited by Axios also announced Trump Jr. would be joining Polymarket’s board in the position of advisor. Trump Jr. is also an advisor for Kalshi, Polymarket’s main prediction competitor. The investment may further pave the way for Polymarket’s return to US customers, after the platform saw its services limited due to the lack of a betting license. As previously reported by Cryptopolitan, Polymarket acquired the QCX platform, securing a license that could apply to the prediction market. Polymarket may make headway in the US market The involvement of Trump Jr. further signals that crypto-based predictions may face little legal risk under the current Trump administration, despite misgivings about Polymarket and its influence. Polymarket also gained a valuation of up to $1B based on the Founders Fund updated estimation from the platform’s latest funding round. So far, Polymarket remains tokenless, though it has floated the idea of issuing a native stablecoin in addition to using USDC. According to sources cited by Axios, 1789 Capital may consider Polymarket as a candidate for going public with an IPO sale. The Polymarket investment follows the market trend where platforms and stablecoins become the major use cases for on-chain activity. The platform may have started talks on financing back in 2024, as 1789 Capital founder Omeed Malik reached out to Coplan. However, the investment was delayed before securing regulatory clarity for entering the US market. Polymarket may also boost its reach through X, as the social media’s official news and prediction partner. The prediction…
Filed under: News - @ August 26, 2025 5:29 pm