Polymarket Valuation Hits $21 Billion Following Funding Round Led by 1789 Capital

Prediction market platform Polymarket has raised approximately $1 billion in a new funding round, bringing its valuation to $21 billion. The round was led by 1789 Capital, a venture firm partnered with Donald Trump Jr., which invested $300 million in this round following a previous $200 million investment. The surge in valuation reflects the rapid growth of the prediction market sector, even as it continues to face regulatory scrutiny at both the state and federal levels in the United States.