1789 Capital Leads $1 Billion Funding Round for Polymarket at $21 Billion Valuation

1789 Capital, a venture firm associated with Donald Trump Jr., is leading a $1 billion funding round for the prediction market platform Polymarket, valuing the company at $21 billion. According to a spokesperson, 1789 Capital is contributing approximately $300 million to this round, adding to its previous $200 million investment. This valuation marks a 40% increase from the platform's previous $15 billion valuation. Both Polymarket and its competitor Kalshi have seen rapid growth, allowing users to bet on various events ranging from political speeches to ce