Altcoins News
By Dan Saada
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ICE Already Holds $2 Billion in Polymarket Shares. Before 1789 Capital became the headline, Intercontinental Exchange was already the largest…
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JPMorgan Out, States Piling On. The fundraising push started earlier. Back in April, Polymarket opened talks to raise $400 million…
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Polymarket just pulled in a billion dollars. Donald Trump Jr.-linked 1789 Capital is spearheading the raise, locking in a $21 billion valuation for the prediction market platform…
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1789 Capital's piece of the deal is reportedly $300 million. That single check pushes the firm's total stake in Polymarket to roughly $500 million, making it one of the…
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So Polymarket isn't some scrappy startup anymore. It's basically a platform with institutional-grade backers on multiple sides, navigating a regulatory minefield while trying to…
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The fundraising push started earlier. Back in April, Polymarket opened talks to raise $400 million at a $15 billion valuation — a number that already seemed ambitious at the time.
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But the money chase is happening alongside a pretty rough stretch on the regulatory front. In mid-August, JPMorgan Chase ended its banking relationship with Polymarket over…
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Related: American Bitcoin Hits Historic 932 BTC, Sparks Cost Dispute with Eric Trumps Claims
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The state-level pressure is probably the bigger story right now. Over a dozen U.S. states have filed legal action against both Polymarket and Kalshi, with the cases centered on…
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And it's not just domestic. Several countries have imposed restrictions on Polymarket's operations.
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Prediction markets as a category have always lived in a gray zone — part financial instrument, part information aggregator, part something regulators can't quite categorize…
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The $1 billion round, if it closes as reported, would be one of the largest single raises in the prediction market space.
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Read also: Telegrams Gram Wallet Becomes Default, Walt Rebranding Sparks Crypto Buzz
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1789 Capital's involvement adds a political dimension that's hard to ignore. The firm's connection to Donald Trump Jr.
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JPMorgan's interest in a potential Polymarket IPO underwriting role, even after cutting banking ties, puts a number on how seriously Wall Street takes the platform's long-term…
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