Donald Trump Jr. joined Polymarket’s advisory committee as venture capital firm 1789 Capital made a strategic investment in the forecast market platform, according to an announcement on August 26th.
Polymarket did not disclose the financial conditions for investment from the capital in 1789.
The announcement states that the partnership will add political and business expertise to Polymet’s leadership as the company prepares for expansion in its US operations.
Trump Jr. said:
“Polymet reduces the opinions of so-called “experts” by betting media spin and so-called “experts” opinions on what people believe to actually happen in the world. It is an honor that capital in 1789 was invested in Polymekitt and was able to join the company’s advisory committee. ”
Shayne Coplan, founder and CEO of Polymarket, characterized the 1789 capital partnership as a reinforcement of the company’s role as a reliable source of information.
Predictive markets such as Polymarket allow users to bet on outcomes ranging from political elections to cultural events to generate market-driven forecasts.
“This strategic investment is a milestone for Polymercu. The long-term partnership with capital in 1789 will help strengthen Polymercu’s major position as a reliable source of free, transparent and accurate market information in the United States and around the world.”
Timing of strategic partnerships
This investment is because Polymekit positions itself for its return to the US market. The company has completed the $112 million acquisition of CFTC license exchange and clearing house QCEX, creating the regulatory infrastructure for its American operations.
Polymarket has also secured partnership status with X as the official forecast market partner for social media platforms.
Omeed Malik, founder of 1789 Capital, praised Polymarket’s intersection of financial innovation and free expression.
The company targets companies that demonstrate entrepreneurship and growth potential. This is the standard that Malik said Polymet meets through a real-time information delivery model.
Data from the dune dashboard by user RCHEN8 shows Polymarket has surpassed $7.8 billion since the start of the year.
The company’s growth trajectory and recent regulatory preparations position it for wider adoption in the US, and Trump Jr.’s appointment will be added to Polymet’s expansion strategy.
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