Polymarket, a crypto-based prediction market, is raising about $1 billion in a new funding round led by 1789 Capital, according to Business Day and TechCrunch. The reported investment from 1789 Capital is around $300 million.
The outlets also report different details on how the round affects Polymarket’s valuation. Business Day says the funding values the company at $21 billion, up from $15 billion, while TechCrunch describes the round as “reportedly” totaling around $1 billion without citing a prior valuation figure. Both reports attribute leadership of the round to Donald Trump Jr.’s firm.
Overall, the sources agree on the main components: the participation of 1789 Capital, the approximate size of the round, and the scale of the valuation impact as reported by one outlet. They differ primarily in the valuation context provided and whether they specify changes from an earlier figure.
