Trump Jr. joins Polymarket as the platform strengthens its presence in the U.S. and secures funding
13:15 ▪ 5 min read
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Polymarket, the prediction market platform, is strengthening its presence in U.S. politics and finance. The company has appointed Donald Trump Jr., the son of the U.S. president, to its advisory board, while also securing new financial backing from 1789 Capital, a venture capital firm that identifies itself as focused on supporting the next era of 'American exceptionalism'.
In summary
Polymarket adds Donald Trump Jr. to its advisory board, expanding influence in U.S. politics and finance.
1789 Capital invests in Polymarket, backing the platform with reported funds in the tens of millions.
New investment and leadership addition
Trump Jr.'s appointment and the backing from 1789 Capital reflect Polymarket's growing influence in the prediction market sector. Although financial terms were not disclosed, Reuters reported that the investment was in the tens of millions, indicating strong interest in the rapid growth of the platform and its expanded role in event-based trading.
Trump Jr., upon taking the advisory role, called Polymarket the largest prediction market in the world. He stated that the platform is important for the United States and emphasized its ability to provide insight into what people really believe will happen in politics and other areas.
Polymarket cuts through media manipulation and the so-called 'expert' opinions by allowing people to bet on what they truly believe will happen in the world. I am pleased that 1789 Capital is investing in Polymarket and I am honored to join the company's advisory board. I look forward to working with the team to advance its mission of bringing truth and transparency to all – including the U.S.
