1789 Capital to Invest $300 Million in Polymarket’s $1 Billion Funding Round
- 1789 Capital, linked to Donald Trump Jr., is investing approximately $300 million in Polymarket.
- This investment is part of a larger funding round totaling $1 billion, which would value Polymarket at $21 billion.
- With this new investment, the total funding from 1789 Capital in Polymarket will reach around $500 million.
- ICE remains the largest disclosed investor in Polymarket, having invested about $1.6 billion in preferred shares.
- Regulatory scrutiny of prediction markets like Polymarket has increased, with legal actions taken by over a dozen US states.
The significant investment from 1789 Capital highlights ongoing interest in blockchain-based prediction markets despite regulatory challenges facing the sector.
This latest funding round underscores the growing valuation of Polymarket, now pegged at $21 billion following the new influx of capital.(Source)
