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Morning Edition · Tuesday, September 1, 2026Published at 1:55 AM EDT · New York
Polymarket Seeks $1 Billion at a $21 Billion Valuation With Trump Jr.-Linked Fund Leading
1789 Capital is adding about $300 million to a roughly $200 million existing stake, days after rival Kalshi issued its first lifetime ban to a former member of Congress.
Polymarket is raising about $1 billion at a $21 billion valuation, up from $15 billion, with 1789 Capital, the investment firm associated with Donald Trump Jr., contributing roughly $300 million on top of an existing stake of about $200 mil…
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Prediction Markets Become Financial Infrastructure
Prediction markets keep attracting institutional-scale capital and political proximity at the same time, so their growth increasingly depends on building exchange-grade surveillance and on how regulators treat contracts that insiders can influence.
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