1789 Capital Increases Polymarket Stake to $500 Million at $21 Billion Valuation
Named spokesperson confirms 1789 Capital's total Polymarket investment reaches $500 million in a round valuing the platform at $21 billion.
1789 Capital has increased its total stake in Polymarket to roughly $500 million after committing an additional $300 million as part of a $1 billion funding round.
The round values Polymarket at $21 billion, a 40 percent increase from the roughly $15 billion level recorded in April.
The round also includes prior capital from Intercontinental Exchange, parent of the New York Stock Exchange.
Regulatory Exposure
Polymarket faces regulatory restrictions in South Korea, France, Germany, and Australia, plus a lawsuit filed last month by Baltimore alleging unlicensed sports betting.