POLYMARKET RAISES $1B AT $21B VALUATION

The funding round represents a significant capital injection for Polymarket, which allows users to trade on the outcomes of events across politics, sports, and other categories. 1789 Capital is leading the investment. Donald Trump Jr., a partner at the venture firm, serves as an adviser to Polymarket, according to Bloomberg sources. Polymarket has grown substantially as prediction markets gain mainstream attention. The platform operates primarily on the Polygon blockchain and has become a notable player in the decentralized finance sector. The $21 billion valuation marks a major milestone for the prediction-markets space, which has attracted increased interest from retail and institutional users seeking to place wagers on future outcomes. No additional details on the funding terms or timeline for the investment's close were disclosed.