Scott Melker discusses the Trump family-backed 1789 Capital’s latest investment into Polymarket (POLA.PVT), raising the prediction market’s value to a reported $21 billion.
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Trump Jr.’s firm leads 1 billion polymarket raise at 21 billion value reports. So 1789 Capital, that’s the year he was born,
is putting in about $300 million, adding to a roughly $200 million stake as the prediction market’s valuation rises from 15 billion to 21 billion.
Now, interestingly, Polymarket is not available still officially in the United States, which is
surprising considering that they have backing from the Trump family. But
Trump Jr. is an advisor to Polymarket here, not just an investor, but also an advisor to their direct and largest competitor, Kalshi, who is available in the United States.
That’s like literally me uh being on the board of McDonald’s and Burger King.
I I don’t understand it, but I’m here for it because uh, you know, we know that prediction markets are going to continue to grow massively, but their valuation growing 40% in just a matter of months is absolutely huge news for Polymarket.
