1789 Capital to Invest Up to $300 Million in Polymarket Funding Round
- Investment firm Polymarket plans to raise up to $1 billion, with a potential valuation exceeding $20 billion.
- 1789 Capital, where Donald Trump Jr. is a partner, will invest up to $300 million in this funding round.
- If completed, this investment could increase the fund’s total stake in Polymarket to $500 million.
- Intercontinental Exchange is currently one of Polymarket’s largest investors, holding approximately $1.6 billion or about a 22% stake.
- Previous investments by 1789 Capital in Polymarket totaled around $200 million before this new round.
Congressman Jamie Raskin has requested information from the fund regarding its investments and management decisions amid conflict-of-interest concerns related to Trump Jr.’s partnership. The fund has dismissed these allegations as unfounded.
This funding round marks a significant move for Polymarket as it aims to expand its operations back into the U.S., potentially increasing investor stakes significantly with contributions like those from 1789 Capital.
