After securing a strategic investment from 1789 Capital, the prediction market Polymarket has added Donald Trump Jr. to its advisory board. 1789 Capital describes itself as a politically oriented investment tool that supports companies it believes can advance "American exceptionalism."
The two companies did not disclose financial terms, but Axios estimates the investment amount to be "tens of millions of dollars."
Trump Jr. became a partner in the fund in 2024. In a statement on Tuesday, he said, "Polymarket cuts through media bias and so-called 'expert' opinions by allowing people to bet on what they truly believe will happen in the world."
This investment comes after Polymarket's efforts to comply and return to the U.S. market, following the platform being forced to block users under the action of the Commodity Futures Trading Commission (CFTC).
In 2022, the CFTC fined the company $1.4 million for operating an unregistered swap platform and ordered it to block U.S. users. To re-establish a legal foothold, the company acquired the CFTC-licensed derivatives exchange QCEX for $112 million in July 2025, coinciding with the conclusion of the CFTC and Department of Justice's investigation into the platform.
Polymarket rose to prominence in 2020, allowing users to bet with cryptocurrency on a variety of stakes, from presidential elections to celebrity gossip. The platform quickly grew to become one of the largest prediction platforms in the world, with daily trading volumes reaching millions of dollars, but it also attracted scrutiny from regulators.
Polymarket's main competitor in the U.S., Kalshi, has also faced repeated conflicts with regulators over its promotion of listed political outcome contracts, including control of Congress.
In August, when U.S. Representative Dina Titus urged the CFTC to investigate former commissioner Brian Quintenz, who was nominated to chair the agency, scrutiny intensified. Quintenz also serves as a board member of Kalshi, raising concerns about conflicts of interest and delaying his Senate confirmation.
During the 2024 U.S. presidential campaign, Polymarket handled over $3.6 billion in bets, with approximately $2.7 billion wagered on the Trump-Harris matchup alone. This surge in activity drew criticism from several U.S. lawmakers.
In August 2024, Senators Elizabeth Warren, Jeff Merkley, and others wrote to the CFTC, calling for a ban on election betting.
They argued that allowing people to place large bets while simultaneously donating to specific candidates or parties, as well as political insiders using non-public information to bet on elections, would further undermine public trust in the electoral process.
This sentiment has also resonated in the sports world. The National Football League (NFL) recently warned that prediction markets like Polymarket pose integrity risks, believing that without the compliance and monitoring systems required of licensed sports betting operators, such platforms could make games susceptible to manipulation.
Despite ongoing criticism, reports indicate that on July 21, Polymarket was finalizing a $200 million funding round, valuing the platform at $1 billion.
The platform also released a U.S. rulebook in August and launched digital ads in the U.S. that month to promote its return.
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Original article: “Donald Trump Jr. Joins Polymarket Board as Prediction Market Platform Seeks Return to the U.S.”
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