Trump Jr.’s 1789 Capital Invests in Polymarket, Joins Advisory Board
Donald Trump Jr.’s venture firm 1789 Capital has taken a stake in blockchain-based prediction platform Polymarket, with Trump Jr. also joining the company’s advisory board, according to a press release.
The investment marks 1789 Capital’s deeper push into crypto infrastructure and alternative financial platforms. Axios reported the firm committed tens of millions of dollars after 18 months of discussions with Polymarket.
Polymarket enables users to wager on real-world events ranging from elections to court rulings and geopolitical outcomes. The platform processed more than $8 billion in bets during the last U.S. election cycle, outpacing traffic at major sports betting operators such as DraftKings, FanDuel, and Betfair.
The company is also nearing completion of a $200 million fundraising round led by Peter Thiel’s Founders Fund, which will lift its valuation to roughly $1 billion.
Currently, Polymarket restricts U.S.-based users due to regulatory limits. However, its recent acquisition of QCEX, a derivatives exchange licensed by the Commodity Futures Trading Commission (CFTC), could pave the way for legally compliant prediction markets in the U.S.
Prediction markets have gained traction for their accuracy and speed compared with traditional polling, offering investors and political observers real-time sentiment tracking.
For Trump Jr., the deal reflects 1789 Capital’s mission to back technologies that strengthen “American dynamism,” a theme popular in conservative venture capital circles promoting innovation and self-sufficiency.
