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Investing.com -- Prediction market platform Polymarket announced Tuesday that Donald Trump Jr. has joined its advisory board, while 1789 Capital has made a strategic investment in the company.
The terms of the investment were not disclosed, according to the announcement from Polymarket, which describes itself as the world’s largest prediction market.
"Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform," said Trump Jr, a partner at 1789 Capital. "Polymarket cuts through media spin and so-called ’expert’ opinion by letting people bet on what they actually believe will happen in the world."
Shayne Coplan, Founder and CEO of Polymarket, called the investment "a significant milestone" that will help reinforce the company’s position as a source of "free, transparent and accurate market information" globally.
1789 Capital founder Omeed Malik said his firm invests in companies that are "entrepreneurial, innovative, and demonstrate great potential for growth," adding that Polymarket "stands at the intersection of free expression and financial innovation."
The announcement follows Polymarket’s recent $112 million acquisition of QCEX, a CFTC-licensed exchange and clearinghouse, which the company says will facilitate its re-entry into the U.S. market.
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