Donald Trump Jr.’s 1789 Capital Invests in Polymarket Prediction Platform

Donald Trump Jr. invested in blockchain-based prediction platform Polymarket through 1789 Capital, joining its advisory board. Key points include:

1789 Capital's investment is part of a broader strategy in crypto infrastructure and alternative finance.
1789 committed tens of millions to Polymarket after 18 months of discussions.
Polymarket enables betting on real-world events, processing over $8 billion in bets during the last U.S. election cycle, surpassing major sports betting operators.
The company recently secured $200 million in funding, raising its valuation to $1 billion.
Currently, U.S. users are blocked from betting due to regulations; however, acquiring QCEX, which holds a CFTC license, may allow future compliance.
Prediction markets are gaining attention for their accuracy compared to traditional polling methods.
This investment aligns with 1789 Capital’s mission to support technologies promoting American innovation.