# Polymarket reportedly targets $1 billion round at $21 billion valuation

_Published Monday, August 31, 2026 at 5:07 PM EDT · Capital · Latest · Tier 2 — Notable_

Bloomberg reported that venture firm 1789 Capital is leading a new funding round for Polymarket that would value the prediction-markets platform at $21 billion post-money. The report says the round will raise $1 billion and identifies Donald Trump Jr. as a partner at 1789 Capital and an adviser to Polymarket.

## Sources

- [Techmeme](https://www.techmeme.com/260831/p36#a260831p36)
- [techcrunch.com](https://techcrunch.com/2026/09/01/afterquery-reportedly-becomes-y-combinators-fastest-ever-unicorn-now-valued-at-3-2b/)
- [Techmeme](https://www.techmeme.com/260903/p16#a260903p16)
- [Techmeme](https://www.techmeme.com/260903/p15#a260903p15)
- [Techmeme](https://www.techmeme.com/260903/p24#a260903p24)

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Canonical: https://techandbusiness.org/newswire/TTiunu9VCsHOFYuduCGZy6
Published: 2026-08-31T21:07:06.274Z
Story chronology: 2026-08-31T20:05:00.000Z
Retrieved: 2026-10-16T01:56:57.099Z
Publisher: Tech & Business (techandbusiness.org)