1789 Capital Backs Polymarket at $15 Billion After Investing at $300 Million
Updated
Updated · The New York Times · Jul 22
1789 Capital Backs Polymarket at $15 Billion After Investing at $300 Million
1 articles · Updated · The New York Times · Jul 22
Summary
$15 billion is Polymarket’s latest valuation, up from $300 million when Donald Trump Jr. and Omeed Malik’s 1789 Capital invested in the prediction-market platform.
That gain followed a July 2024 meeting between Trump Jr. and founder Shayne Coplan and came after a federal regulator last year granted Polymarket a U.S. operating license.
1789’s stake highlights how Trump Jr. and Malik have profited from businesses whose fortunes can be shaped by President Trump’s policies, despite long-running criticism of mixing family business and politics.
Trump Jr. told the New York Times he and Coplan shared a defiant approach toward critics, underscoring how openly 1789 is pursuing politically adjacent investments during Trump’s second term.