1789 Capital Plans $300 Million Additional Investment in Polymarket

1789 Capital, where Donald Trump Jr. is a partner, is planning to invest about $300 million more in prediction market platform Polymarket as part of a roughly $1 billion funding round led by the firm, according to people familiar with the matter. According to ChainCatcher, if the deal is completed, Polymarket would be valued at about $21 billion. 1789 Capital has already invested about $200 million in Polymarket and would become one of its largest investors after the round closes. Polymarket's largest investor is Intercontinental Exchange, which previously disclosed a $1.6 billion stake in the company, representing about 22% of its outstanding shares.