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Polymarket has secured a financing round of roughly $1 billion, led by 1789 Capital, which values the prediction-market platform at about $21 billion post-money. Donald Trump Jr. is a partner at 1789 Capital and serves as an adviser to Polymarket. The round’s leadership and the valuation were confirmed across multiple reports.
Polymarket has been paying creators to produce deceptive videos that promote fictitious betting opportunities, including claims of winning bets. The videos are aimed at users in the United States, where the platform’s primary cryptocurrency service is prohibited. This practice has been highlighted across multiple reports.
A Google engineer has been charged by U.S. authorities with insider-trading offenses after using internal search data to place bets on Polymarket about Google’s Year in Search results. Prosecutors allege the scheme generated roughly $1.2 million in illicit profits.
Spain has blocked the prediction-market platforms Polymarket and Kalshi, citing the absence of the gambling licences required under Spanish law. The government says the restriction is a precautionary measure while it investigates possible violations of gambling regulations, a probe that is expected to last three to four months.
A U.S. Special Forces soldier has been arrested on suspicion of using classified information to place bets on Polymarket that profited more than $400,000. The alleged wagers were tied to the planned raid aimed at removing Venezuelan President Nicolás Maduro from office. Authorities say the soldier’s actions violated laws governing the handling of classified intelligence.
Google News has displayed Polymarket bets in its “For you” section and on the homepage. The company has confirmed that the appearance of these bets was an error. Polymarket’s real-world event predictions were not intended to appear in Google News results.