Polymarket has reportedly raised $300 million from 1789 Capital, the investment firm associated with Donald Trump Jr. The funding is described as part of a larger round that could total around $1 billion. The figures come from reporting by TechCrunch and have not been independently confirmed.
Polymarket runs markets in which users buy and sell contracts on the outcomes of public events. Those markets typically operate using crypto assets, placing the company at the intersection of financial technology and digital assets. A completed raise on the scale described would represent a substantial injection of private capital into prediction-market infrastructure.
The funding is described as part of a larger round that could total around $1 billion.
1789 Capital is said to have led the $300 million investment. Public details about the firm's stake, governance rights, or any conditions attached to the money were not included in the initial report. It is also unclear which other investors, if any, are participating in the broader round.
Prediction markets have drawn commercial interest and regulatory attention, especially when contracts involve political or economic outcomes. How the new capital would be used, including for product development, compliance, market liquidity, or expansion, was not specified. Until Polymarket or 1789 Capital confirms the terms, the round remains a reported development rather than a documented close.
