Polymarket is reportedly raising around $1 billion in a new investment round, led by 1789 Capital, a firm linked to Donald Trump Jr. Multiple outlets report that the round would value the prediction-markets platform at about $21 billion on a post-money basis.
CoinDesk, Business Day, and Bloomberg report the valuation figure and leadership by 1789 Capital, and they say 1789 Capital is expected to invest roughly $300 million as part of the larger funding. Cointelegraph and The Next Web similarly describe the scale of the round and the reported $300 million contribution, while noting that Polymarket’s valuation would be just below Kalshi’s reported $22 billion valuation. Forbes frames the news in the context of Trump family involvement, stating Trump Jr. is a strategic advisor for both Polymarket and its competitor Kalshi. TechCrunch likewise reports that 1789 Capital is leading the round, though it does not name other participants.
Across the coverage, outlets agree on the reported round size, the $21 billion valuation, and 1789 Capital’s leading role, while details about other investors vary and are generally not disclosed.
