Trump Jr's firm leads $1 billion Polymarket raise at $21 billion value: Report

1789 Capital, a firm linked to Donald Trump Jr., is reportedly leading a $1 billion investment round for Polymarket. This funding round would place the platform's valuation at $21 billion. This figure positions Polymarket just below the $22 billion valuation of its competitor, Kalshi. The reports highlight the significant capital injection into the prediction market platform, reflecting a substantial increase in its market value through the leadership of the Trump Jr.-linked investment firm.