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@diariesofbam: so POWERFUL ✨😍

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Tuesday 01 September 2026 20:09:50 GMT
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Polymarket's $21B round: the single largest check, $300M, came from 1789 Capital — the VC fund Donald Trump Jr. joined as partner in 2025. Reported Aug 31–Sept 1, 2026, the round landed days after the Ninth Circuit ruled against Kalshi's argument that CFTC-licensed sports contracts are exempt from state gambling law. That's the same legal theory Polymarket's US business relies on. The CFTC separately sued Illinois, Connecticut, and Arizona this year to defend that exemption. Valuation is up from $15B in April 2026, and roughly 2.6x the ~$8B mark ICE used when it invested in October 2025. Polymarket hasn't confirmed this round; it's reported by Forbes, TechCrunch, and Bloomberg citing people familiar with the deal. If federal preemption holds, prediction markets stay one national product instead of 50 state gambling businesses. #VentureCapital #PredictionMarkets #Polymarket #CFTC #PrivateMarkets
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