Donald Trump Jr.’s 1789 Capital Invests in Polymarket, Joins Advisory Board
Donald Trump Jr.’s venture firm 1789 Capital has taken a stake in blockchain-based prediction platform Polymarket, with Trump Jr. also joining the company’s advisory board.
The investment marks part of 1789 Capital’s broader strategy to expand into crypto infrastructure and alternative finance, with Axios reporting that the firm committed tens of millions of dollars following 18 months of discussions.
Polymarket, which lets users bet on the outcomes of elections, court decisions, and geopolitical events, has processed more than $8 billion in wagers during the last U.S. election cycle. That activity placed it ahead of established sports betting operators like FanDuel, DraftKings, and Betfair in terms of user engagement.
The platform is also nearing a $200 million funding round led by Peter Thiel’s Founders Fund, valuing Polymarket at about $1 billion.
Although currently restricted for U.S. residents, Polymarket’s recent acquisition of QCEX, a derivatives exchange licensed by the CFTC, may pave the way for legally compliant prediction markets in the U.S.
Prediction markets are increasingly viewed as faster and more accurate barometers of public sentiment than traditional polling, particularly around high-stakes political and legal events.
Trump Jr.’s involvement aligns with 1789 Capital’s mission to promote “American dynamism”, a theme gaining traction among conservative venture investors advocating for domestic innovation and resilience.
