Donald Trump Jr has invested in the Blockchain Polymarket Blockchain platform through his venture firm 1789 capital. As part of the deal, Trump Jr. will join. According to a press release.
The investment arises as part of a push through 1789 Crypto infrastructure capital and alternative financial tool. According to Axios, 1789 made ten -tens of million dollars in the polymarket and spoke with the company for the past 18 months.
Polymarket, which allows users to bet on outcomes of real-world events such as elections, court decisions and geopolitical conflicts, have seen sharp growth in user activity. In the final US election cycle only, the platform processes more than $ 8 billion in bets. That volume has put it first with major online sports betting operators such as Fanduel, Draftkings and Betfair in terms of traffic.
The company recently closed a $ 200 million funding of funding led by the Peter Thiel’s Founders Fund, which pushed its appreciation to $ 1 billion.
While the Polymarket is currently blocking US -based users from participating in betting markets due to regulatory restrictions, the recent obtaining of the QCEX Exchange Derivatives may change that. QCEX holds a license from the US Commodity Futures Trading Commission (CFTC)which opens the door for the polymarket to offer legal following prophecy markets to American users in the future.
Proper markets – where users run funds at the outcomes of events – have drawn the updated attention for their accuracy and speed compared to traditional polls or funditry. In the run-up in elections or court decisions, these markets often serve as real-time public emotion gauges and risk assessment.
The investment aligned with 1789 stated capital mission to back technologies that adopt “American Dynamism”-a term that is increasingly used by conservative venture capital circles to describe a return to domestic innovative and self-sufficient.
