Polymarket of the Prediction Market added to Donald Trump Jr.
Companies did not reveal financial terms, but the axios Attached The investment in “double-digit millions of dollars.”
Trump Jr became a fund partner in 2024. In a statement on Tuesday, he Says That “the polymarkets are cut by media spin and called ‘expert’ opinions by letting people bet on what they really believe will happen in the world.”
The investment complies with polymarket efforts in a regulated return to the US market, after being forced to hinder users under an action Commodity Futures Trading Commission (CFTC).
In 2022, the CFTC Enhanced company $ 1.4 million For the operation of an unregistered swaps platform and ordered it to block American users. In order to re -establish a legal foothold, it obtains the exchange of derivatives with CFTC derivatives QCEX for $ 112 million In July 2025, in conjunction with the CFTC closure and investigations to the Department of Justice on the platform.
https://www.youtube.com/watch?v=0bx9alzw1ui
The Polymarket exploded in the scene in 2020, allowing users to bet the crypto on the bets that came from the presidential election to popular gossip. The platform has grown rapidly on one of the largest predictions in the world, drawing millions of day -to -day but thorough investigations from regulators.
Blashi, the main competitor of the US Polymarket, has repeatedly confronted the regulators in pushing it to list contracts with political results, including Congress control.
The investigation intensified in August when US representative Dina Tito urged the CFTC Investigate Brian Quintenz.
The estimation of election, regulation and next polymarket stage
During the 2024 US presidential race, Polymarket Handles more than $ 3.6 billion at stake, with approximately $ 2.7 billion folded into Trump -Harris matchup. The promotion of that activity has drawn the criticism from many US lawmakers.
In August 2024, senators Elizabeth Warren, Jeff Merkley and others wrote a letter to the CFTC calling for the Election bout.
They argued that allowing people to put “rare bets while simultaneously contributing to a specific candidate or party, and political insults who bet elections using non-public information, would further slow the public confidence in the election process.”
Emotion is that -echoed too Sports. The National Football League (NFL) has recently warned that predicting markets such as polymarket integrity dangers, which, in turn, have proven that without the compliance and monitoring of systems required by licensed sportsbooks, such platforms could leave games that are weak in manipulation.
Despite the prolonged criticism, on July 21, the polymarket reported that a ended a $ 200 Million Funding Platform appreciation at $ 1 billion.
The platform has also published a US Rulebook In August and ran digital Ads In the US in the same month that promotes its return.
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