The prediction markets platform Polymarket said 1789 Capital invested and Donald Trump Jr joined the advisory team. Polymarket shared no details about 1789 Capital’s deal size, but someone close to this said it is tens of millions. Prediction markets are now more widely used, with regular traders and big investors viewing them as different ways to read opinions on politics, economy, and world news.
Role of Prediction Markets
Supporters think that these market tools show real world results more precisely because traders put their money with their forecasts. Trump Jr explained, “Polymarket make it possible for people to wager on real world outcomes instead of following the news or experts.” These market contracts, some say are gambling, saw high activity in the 2024 U.S. presidential election, with transaction volume passing several billion.
Shayne Coplan created Polymarket in 2020, and event derivatives became more widely known. The platform focuses on prediction-based trading from politics to culture, and in the first half of the year, users made $6 billion in trades. Popular markets now listed include “Fed decision in September?” and “Will Trump try to fire Powell in 2025?” Omeed Malik and Chris Buskirk started 1789 Capital in 2022, with Trump Jr as a partner. 1789 Capital’s website says they “support the next stage of American progress.”
Wider Trump-Linked Business Activity
Both Trump brothers, Eric and Donald, introduced new business plans in a year, giving advice on company boards and growing investments in firms, golf areas, hotels, phone companies, and crypto mining, actions they say match the president’s goals.
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