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Polymarket targets US$21B value in funding round
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Polymarket targets US$21B value in funding round

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  • Polymarket is reportedly raising US$1 billion at a US$21 billion valuation, led by 1789 Capital.
  • 1789 Capital plans to contribute about US$300 million after investing roughly US$200 million previously.
  • The proposed valuation is about 40% higher than Polymarket’s previous US$15 billion valuation.

Polymarket is reportedly raising US$1 billion at a US$21 billion valuation, with 1789 Capital leading the round.

1789 Capital plans to invest about US$300 million, adding to its existing stake of roughly US$200 million.

A spokesperson for 1789 Capital said the firm is contributing about US$300 million to the funding round.

Polymarket was last valued at about US$15 billion, meaning the proposed round would lift its valuation by about 40%.

Polymarket and Kalshi allow users to trade contracts tied to outcomes across politics, entertainment and other events.

Donald Trump Jr became a Kalshi adviser in 2025 and separately advises Polymarket, according to CoinDesk.

The Trump administration has supported prediction markets, while CFTC Chairman Michael Selig has backed the companies and challenged state regulation efforts.

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