Polymarket has been valued at $21 billion following a $1 billion funding round led by 1789 Capital, the fund linked to the Trump family. Donald Trump Jr., partner at 1789 Capital and member of Polymarket’s advisory board, has seen his initial investment of approximately $300 million grow substantially as the prediction market platform reached a valuation 70 times higher than its original size. This performance raises questions about a potential conflict of interest, as Trump Jr. also serves as strategic advisor at Kalshi, Polymarket’s direct competitor, where he holds shares estimated at over $300,000. Democratic lawmakers from the House of Representatives have launched an investigation into the rapid growth of 1789 Capital and its ties to public contracts.
Source: Read the original article
