★ Private Action
1789 Capital invests in Polymarket, places partner Trump Jr. on board
Betting Goes LegalDon Jr.'s Board SeatsEasing Up on Crypto
Filed August 2025
★ The Brief
What happened
On August 26, 2025, Polymarket announced a strategic investment from 1789 Capital, the firm where Donald Trump Jr. is a partner, and added him to its advisory board, weeks after the prediction-market platform bought a CFTC-licensed exchange to re-enter the U.S.
Who enabled it
Who benefits
On August 26, 2025, Polymarket announced that 1789 Capital — a Palm Beach-based investment firm co-founded by Omeed Malik and Chris Buskirk — made a strategic investment in the company. Financial terms were not disclosed. As part of the arrangement, Donald Trump Jr., a partner at 1789 Capital, was formally welcomed to Polymarket's advisory board. The announcement came shortly after Polymarket completed a $112 million acquisition of QCEX, a CFTC-licensed exchange and clearinghouse, enabling the company's planned re-entry into the U.S. market. Polymarket reported approximately $6 billion in user predictions in the first half of 2025.
Further reading
- ★ Private ActionJanuary 2025Kalshi names Trump Jr. strategic advisor week before father's inauguration
- ★ Government ActionJuly 2025DOJ drops Polymarket probe, clearing path for US reentry
- ★ Government ActionJuly 2025Trump's commodities regulator closes Polymarket betting probe
- ★ Private ActionApril 2025Trump Jr. and Witkoff sons launch $500K-per-member DC club
- ★ Private ActionNovember 2024Donald Trump Jr. joins venture firm 1789 Capital
- ★ Private ActionJune 2026Trump banked $2.2 billion in year one, mostly from crypto he regulates