The son of the US president, Donald Trump Jr., continues to actively explore the market for cryptocurrency derivatives and prediction platforms. On Tuesday, it became known that he invested in #Polymarket , the world's largest prediction market, and joined its advisory board.
Investments through a venture fund
The investment was made through the 1789 Capital fund, where Trump Jr. is a partner. The amount of the deal is not disclosed, but it is positioned as 'strategic.' Axios was the first to report on the agreement.
'Polymarket allows bypassing media noise and the opinions of so-called 'experts,' giving people the opportunity to bet money on what they truly believe in,' said Trump Jr.
According to him, the participation of the 1789 Capital fund in the project and his personal entry into the advisory board reflect confidence in the future of this market.
Conflict of interest or strategy?
Interestingly, in January 2025, Trump Jr. became an advisor to the competing platform Kalshi, indicating his presence in two rival companies. Kalshi and Polymarket directly compete for users in the US and for the attention of regulators.
Polymarket and the rise in popularity of prediction markets
Platforms like Polymarket saw explosive growth during last year's elections in the US. Users actively placed bets on the outcome of the presidential race using cryptocurrency.
On the eve of the 2024 elections, Polymarket and Kalshi simultaneously reached the top of the App Store, aided by statements from Elon Musk, who called prediction markets 'more accurate than any polls.'
Legal troubles and return to the US
Polymarket has not always taken the safe route. In 2022, the company settled a dispute with the CFTC, paying a $1.4 million fine and agreeing to shut down illegal binary options and block users from the US.
However, in July 2025, the project announced plans to re-enter the US market. To do this, Polymarket acquired the QCEX exchange, regulated by the CFTC, for $112 million. This opens the door for legal operations in the US and increased competition with Kalshi.
Competition in the market
The prediction market segment is gradually becoming a part of the crypto industry while simultaneously competing with traditional betting. In addition to Polymarket and Kalshi, major players like Coinbase and Robinhood are also showing interest in this direction.
If regulators approve broader use of such platforms, the market could become a new direction for institutional investments, with political events serving as the main driver of activity.
