Polymarket's value jumps 40% after partnering with Donald Trump Jr., closely trailing Kalshi

▲ Polymarket, prediction market/AI generated image

An investment firm partnered with Donald Trump Jr. will inject an additional $300 million into Polymarket.

According to cryptocurrency media outlet Cointelegraph on September 1 (local time), 1789 Capital is leading Polymarket's $1 billion fundraising effort. Of this, it will directly invest approximately $300 million. Once the deal is finalized, Polymarket's corporate value will rise to $21 billion.

1789 Capital had previously invested approximately $200 million in Polymarket. With this latest investment, the cumulative investment will increase to approximately $500 million. Polymarket's existing corporate value was approximately $15 billion. If the new investment attraction proceeds as planned, its corporate value will jump 40% in just a few months.

Wall Street funds also entered Polymarket early. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is a major shareholder of Polymarket. ICE's stake amounts to approximately 22% of the issued shares. Once 1789 Capital completes this investment, it will solidify its position deeper within Polymarket's largest investor group.

The relationship between Trump Jr. and the prediction market industry is also drawing attention. He is a partner at 1789 Capital and advises Polymarket. He also serves as an advisor for competitor Kalshi. Polymarket and Kalshi are rapidly expanding while facing regulatory debates surrounding sports event contracts and the possibility of insider trading.

If this investment is successfully attracted, Polymarket's corporate value will reach $21 billion, closely approaching Kalshi's $22 billion. 1789 Capital's cumulative investment will also reach approximately $500 million. Even as regulatory controversies intensify, the trend of large investment funds flowing into the prediction market continues.

[Article Key Summary]

-1789 Capital is leading Polymarket's $1 billion fundraising, investing an additional approximately $300 million.

-Upon completion of the investment, Polymarket's corporate value will increase by 40% from approximately $15 billion to $21 billion.

-1789 Capital's cumulative investment will increase to approximately $500 million, and Polymarket will closely chase Kalshi, which has a corporate value of $22 billion.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*