Overview

• Polymarket announced a strategic investment from 1789 Capital and said Donald Trump Jr. will serve on its advisory board.
• Financial terms were not disclosed, though multiple reports said the investment is in the double-digit millions of dollars.
• The move follows Polymarket’s purchase of QCEX, a CFTC-licensed exchange and clearinghouse, which the company says positions it for U.S. operations.
• Reports say prior federal investigations involving Polymarket have been closed, reducing near-term regulatory overhang after a 2022 CFTC settlement that restricted U.S. users.
• Trump Jr. also holds a paid advisory role at rival Kalshi, highlighting potential optics concerns as the two platforms compete for U.S. prediction-market share.