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1789 Capital

2 GoKawiil briefs on this topic

Donald Trump Jr. exits advisory role at prediction market Kalshi

Kalshi confirmed to Bloomberg that Donald Trump Jr. has stepped down as an advisor, a role he took on shortly before the November 2024 election. Kalshi said the split was mutual, citing his investment firm 1789 Capital's stake in rival platform Polymarket made over the summer. Trump Jr. had received hundreds of thousands of dollars in equity from Kalshi for advising on marketing strategy.

Polymarket secures $300M from Trump Jr.-linked 1789 Capital in $1B round

Polymarket has reportedly raised $300 million from 1789 Capital, an investment fund with Donald Trump Jr. as a partner, as part of a roughly $1 billion funding round according to the Wall Street Journal. This adds to a prior $200 million investment from the same fund, which has also backed other controversial ventures like the Enhanced Games.