Trump Jr.-linked 1789 Capital leads reported $1 billion Polymarket raise

Polymarket is reportedly raising about $1 billion at a valuation of $21 billion, according to CoinDesk. 1789 Capital, a firm linked to Donald Trump Jr., is expected to contribute approximately $300 million to the financing. That investment would add to the roughly $200 million stake the firm already holds in the prediction-market operator. The reported transaction would mark a substantial increase from Polymarket’s previous valuation of $15 billion. The financing places the company among the higher-valued private market businesses in the sector, although the report does not provide further details on other participating investors or the timing of the raise. The development is relevant to markets connected with Donald Trump and the broader digital-asset ecosystem, including the TRUMP token, though the reported financing concerns Polymarket rather than those assets directly.