Trump Jr’s fund 1789 Capital leads a $1bn round valuing Polymarket at $21bn

Donald Trump Jr., via 1789 Capital, is investing about $300 million in a $1 billion financing round that raises Polymarket’s valuation to $21 billion, bringing his total commitment to roughly $500 million after a previous $200 million investment. The valuation rose 40% from $15 billion amid ongoing U.S. regulatory disputes over sports contracts and differing European gambling rulings. Investors anticipate a favorable CFTC decision, a sports-ban defeat, and future entry into European markets.