Trump Jr. Backs Polymarket Amid Prediction Market Surge
Donald Trump Jr. Invests in Polymarket
Polymarket, a leading prediction market platform, has received a significant investment from 1789 Capital, the venture fund led by Donald Trump Jr. According to an Axios report, this double-digit million-dollar investment includes Trump Jr. joining Polymarket's advisory board.
This development comes shortly after Polymarket achieved a valuation exceeding $1 billion, boosted by investments from Founders Fund. The company recently acquired QCEX, a derivatives exchange, for $112 million, securing a CFTC license and paving the way for regulated operations in the United States.
Recent investigations by both the Department of Justice and the CFTC into Polymarket have concluded, removing obstacles to the platform's expansion within the American market.
Key Takeaways:
- Polymarket Funding: Trump Jr.’s 1789 Capital invested, valuing Polymarket at over $1 billion.
- Advisory Role: Trump Jr. gains advisory positions in both Polymarket and Kalshi.
Polymarket reports approximately $6 billion in prediction volumes during the first half of 2025. The QCEX acquisition signals a significant shift, potentially granting US residents regulated access to the platform.
Interestingly, Trump Jr. is also a strategic advisor to Kalshi, a regulated US-based prediction market and a primary competitor to Polymarket. During the 2024 presidential race, Polymarket facilitated $3.3 billion in bets on a Trump–Harris outcome, while Kalshi saw $1.2 billion in trading volume.