1789 Capital reportedly leads Polymarket’s $1B funding round

Donald Trump Jr.-linked investment firm 1789 Capital is reportedly set to lead a $1 billion investment round for Polymarket, according to Cointelegraph. The funding would value the prediction-market platform at $21 billion. That valuation would place Polymarket just below rival Kalshi, which is valued at $22 billion. The reported transaction would represent a major financing event for Polymarket, although the supplied report does not provide further details on the round’s timing, participating investors or terms. Polymarket and 1789 Capital were not cited in the source material as having publicly confirmed the deal. The valuation comparison highlights the closely matched market positions of the two prediction-market platforms.