Polymarket has received a family member of Trump as an adviser on board a strategic investment of a affiliated company.
Summary
- Polymarket has Donald Trump Jr. appointed in his advisory board after a strategic investment from 1789 Capital, where he is a partner.
- The platform left the American market in 2022 after the Commodity Futures Trading Commission (CFTC) had charged it on non -registered event contracts.
- Trump Jr. Says that he will work with polymarket to restore access to the United States.
Prediction markets Platform Polymarket has Donald Trump Jr. added to his official advisory board. According to a press of 27 August editionThe move comes alongside an investment from 1789 capital, where Trump Jr. is a partner.
Although many of the details of the investment were kept under wraps, 1789 is described as an investment firm that focuses on “the next era of the American exceptional”.
Polymarket founder and CEO Shayne Coplan described the investment as an important milestone. “We are proud of formal 1789 Capital to welcome as a strategic partner and Donald Trump Jr. at our advisory board while we continue to build our platform,” he said.
The timing of the partnership is particularly remarkable, because it follows earlier developments that point to broader efforts to restore the American presence of the company. Last month, Polymarket announced the acquisition of QCEX, a regulated derivative exchange and clearinghouse with licenses to operate in the United States.
The onboarding of Trump Jr. It is expected that this mission will help. He confirmed that he will work with the company to restore access to the US
“Polymarket is the largest prediction market in the world and the US needs access to this important platform,” said Trump Jr. “I look forward to working with the team to promote his mission to bring truth and transparency to everyone, including the US”
Why did polymarket leave the US?
Polymarket, launched in 2020, quickly grew in one of the biggest prediction markets worldwide. But in 2022 the company came across regulatory obstacles in the United States when the Commodity Futures Trading Commission (CFTC) charged it about non -registered event contracts.
The case resulted in a fine of $ 1.4 million and mandatory restrictions that American users blocked, forcing the platform to operate mainly outside the US since then.
Later, the US Department of Justice started an investigation into polymarket about presumably cheating with regard to the predictions of the presidential elections in 2024. The probe included a raid on the house of CEO Shayne Coplan by the FBI, who investigated whether the Platform was able to do illegal trade despite the US.
In July 2025, however, both the CFTC and DOJ closed their research into the platform. Authorities found no proof of misconduct, dropping the probe and further cleaning up the path for a potential return.
For the time being, Polymarket still has to officially announce a reintroduction of the US, and the timeline for when it could do this remains unclear.
