Loading...

Please wait while we get things ready for you

Lavamgam

The whole news day, read for you in minutes.

Instagram

Product

News
Summaries
Analysis
AI Chat
Newsletter
RSS Feed

Company

About Us
Features
Pricing
Contact Us
Help Center

Legal

Privacy Policy
Terms of Service
Cookie Policy
Refund Policy
Report Content

Prediction Markets Race to $21B: Polymarket's Trump-Linked $1B Round and Shein's Valuation Crash | Lavamgam

Business

Negative

Prediction Markets Race to $21B: Polymarket's Trump-Linked $1B Round and Shein's Valuation Crash

Prediction market Polymarket raised $1 billion at a $21 billion valuation, led by Donald Trump Jr.'s 1789 Capital with a $300 million investment. The round brings Trump Jr.'s total investment to $500 million, making 1789 Capital one of Polymarket's largest backers, just behind ICE, which holds a $2 billion stake. The blockchain-based platform is now valued just below rival Kalshi's $22 billion.