"Trump Jr.-Backed Firm Leads $1B Polymarket Raise at $21B Valuation" Donald Trump Jr.’s venture capital firm, 1789 Capital, is reportedly leading a $1 billion funding round that values prediction-market platform Polymarket at $21 billion. The firm is expected to invest around $300 million, following its earlier investment of roughly $200 million, as Polymarket’s valuation has climbed about 40% from $15 billion in recent months. The deal further highlights the Trump family’s growing ties to prediction markets, as the Trump administration supports the industry while challenging state-level efforts to regulate it.
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