Polymarket proposed to finance $1 billion, with a post-investment valuation of $21 billion

On 1 September, according to Bloomberg, informed sources revealed that Polymarket, the market platform, was expected to complete a $1 billion round of financing, with a post-investment valuation of $21 billion. This round of financing is carried out by the venture capital agency, 1789 Capital, which plans to contribute approximately $300 million. The spokesperson of Polymarket refused to comment. Polymarket was valued at $15 billion in April of this year, when D.E. Shaw and G Squared became new investors; and the New York Stock Exchange's parent intercontinental exchange also completed an investment of $1.6 billion in Polymarket earlier this year. The new funds will be used to attract more institutional users, and Polymarket is currently seeking regulatory approval to provide a bond trade in the United States. It is anticipated that the market industry will continue to face regulatory disputes, with the states of the United States arguing for regulatory powers and the relevant platform holding federal derivatives regulators responsible. The United States Federal Court of Appeal ruled last week in favour of state regulation. 1789 Donald Trump, Jr., a partner of Capital, is currently working as a consultant for Polymarket and Kalshi. It is anticipated that the market industry will continue to face regulatory disputes, with the states of the United States arguing for regulatory powers and the relevant platform holding federal derivatives regulators responsible. The United States Federal Court of Appeal ruled last week in favour of state regulation. 1789 The Companion of Capital, Donald Trump Jr. is currently working as a consultant for Polymarket and Kalshi。