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1789 Capital plans to invest an additional approximately $300 million in Polymarket, with a valuation potentially rising to $21 billion

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According to sources cited by The Wall Street Journal, Donald Trump Jr. is set to lead 1789 Capital in a proposed additional investment of approximately $300 million into the prediction market platform Polymarket, as part of a $1 billion financing round led by 1789 Capital. If completed, Polymarket's valuation will reach approximately $21 billion.1789 Capital has previously invested about $200 million in Polymarket, and after this round, it will become one of its largest investors. The largest investor in Polymarket currently is the Intercontinental Exchange (ICE), which has disclosed holding shares in Polymarket valued at $1.6 billion, accounting for about 22% of the company's outstanding shares.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.