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Polymarket reportedly raises $300 million from Donald Trump Jr’s investment
Polymarket reportedly raises $300 million from Donald Trump Jr’s investment. 1789 Capital, an investment fund in which Trump Jr. is a partner, previously invested $200 million in the prediction site. Prediction markets have come under increased regulatory scrutiny, as many state governments seek to institute new rules around how (or even if) the sites can be used by residents. The federal government, meanwhile, has frequently sought to defend the prediction industry from state regulation. The firm, 1789 Capital, led the funding round that reportedly will total around $1 billion.
Why it matters. Why it matters: Polymarket reportedly raises $300 million from Donald Trump Jr’s investment.
- Polymarket reportedly raises $300 million from Donald Trump Jr’s investment.
- 1789 Capital, an investment fund in which Trump Jr.
- is a partner, previously invested $200 million in the prediction site.
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