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Polymarket raises $300M from Donald Trump Jr.'s fund amid regulatory scrutiny of prediction markets

Market News
31 Aug 2026
TechCrunch
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Neutral
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Polymarket, a popular prediction market platform, has secured $300 million in funding from 1789 Capital, an investment fund where Donald Trump Jr. is a partner. This investment is part of a larger $1 billion funding round. Prediction markets like Polymarket face increasing regulatory challenges, with many states pursuing litigation over sports betting activities on these platforms. The federal government, including the Commodity Futures Trading Commission (CFTC), argues for exclusive federal oversight, while a coalition of state attorneys general contests this authority. Donald Trump Jr. has publicly supported federal regulation over state intervention in this industry.

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