Donald Trump Jr. has joined the advisory board of Polymarket following a strategic investment by his venture capital firm, 1789 Capital, in the prediction market platform, as announced on Aug. 26.
Polymarket has not revealed the financial specifics of the investment from 1789 Capital, which is committed to promoting American exceptionalism.
The partnership aims to bring enhanced political and business acumen to Polymarket’s leadership as the company plans to expand its operations in the US.
Trump Jr. commented:
“Polymarket transcends media bias and so-called ‘expert’ opinions by allowing people to wager on what they genuinely think will happen in the world. I am thrilled that 1789 Capital is investing in Polymarket and I am honored to join the company’s advisory board.”
Shayne Coplan, founder and CEO of Polymarket, described the partnership with 1789 Capital as a reinforcement of the firm’s position as a reliable source of information.
Prediction markets like Polymarket enable users to place bets on various outcomes, from political races to cultural events, leading to predictions derived from market dynamics.
“This strategic investment signifies a key milestone for Polymarket. Our long-term alliance with 1789 Capital will strengthen Polymarket’s position as a trusted source of free, transparent, and accurate market information both in the U.S. and globally.”
Timing of the Strategic Partnership
The investment arrives as Polymarket sets the stage for a return to the US marketplace. The company has completed a $112 million acquisition of QCEX, a CFTC-licensed exchange and clearinghouse, establishing a regulatory foundation for its American activity.
Polymarket has also secured recognition as X’s official prediction market partner.
Omeed Malik, founder of 1789 Capital, commended Polymarket for its blend of financial innovation and free expression.
The firm seeks out companies that exemplify entrepreneurial spirit and potential for growth, which Malik believes Polymarket achieves through its real-time information dissemination model.
According to data from a Dune dashboard by user rchen8, Polymarket has surpassed $7.8 billion in trading volume year-to-date, just about $600 million short of the total volume from the previous year.
The company’s growth trajectory, along with its recent regulatory preparations, positions it for broader acceptance in the US, with Trump Jr.’s appointment contributing to Polymarket’s expansion strategy.
