Billion-Dollar Bet? Donald Trump JR’s VC Fund Invests Millions in Polymarket; Joins Prediction Market as Advisor – Times of India

Us President Donald Trump’s Son Donald Trump JR’s Venture Capital Firm, 1789 Capital, Has Made A Significant Investment In Prediction Market Platform Polymarket, which is noved aT Over 1 Billion. The development come as the company gears up for a potential expansion intoTrump jr announced the investment in a post on x, say, “please to announs that my fund @1789capital has investment in @poolymarket and that I will be joining the team as a strategic advisor.” He added, “Prediction markets have completely changed the way people follow the news. I’m proud to support the industry and look forward to helping polymarket grow!”News outlet axios, which first reported the deal, said 1789 capital investment a “Double-digit” Million-Doller Amount into the platform, which claims to have Hosted Over $ 6 bills. The fund, co-founded by Omeed Malik, also Counts Companies Like Anduril and Spacex in its portfolio.Polymarket, The World’s Larget Prediction Market, Recently Acquired Derivatives Exchange QCEX for $ 112 Million – A Move That Gave That Gave It A Commodity Trading Commodity Clearer regulatory pathway into the US market, where it is currently not available to users.The firm confirmed that both the US department of justice (doj) and the CFTC have closed their Investigations into Polymarket. The probes had included an FBI search of the company’s ceo shayne coplan’s apartment in November last year. The news outlet also reported that discussions between polymarket and 1789 capital began Around 18 months ago, but the investment was heart back until was regulatory Clarity.Interestingly, Trump Jr Had Earlier joined polymarket’s rival kalshi as a strategic advisor. That Role is undersrstood to be paid but not linked to any Financial Investment, Leaving Trump Jr With Ties to Bost Compeing Platforms.1789 Capital Sees Polymarket as a Potential IPO Candidate in the Near Future.