Market Chatter: Intercontinental Exchange-Backed Polymarket Set to Receive $300 Million Investment From 1789 Capital

MT Newswires Live18:21

Intercontinental Exchange-backed (ICE) predictions site Polymarket is set to receive a $300 million investment from existing investor 1789 Capital, in which Donald Trump Jr. is a partner, The Wall Street Journal reported Monday, citing a person familiar with the matter.

The planned investment, which is part of a $1 billion upcoming round led by 1789 Capital, would value Polymarket at $21 billion and make the investment fund one of the biggest backers of the firm, the unnamed sources told the publication.

1789 Capital and Polymarket didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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