Polymarket, a prediction market platform, has appointed Donald Trump Jr. to its advisory board following a strategic investment from 1789 Capital, aimed at promoting 'American exceptionalism.' While the financial details remain undisclosed, it's reported to be a multi-million dollar investment. Trump Jr., who became a partner in the fund in 2024, stated that Polymarket allows individuals to place bets based on their beliefs about future events, cutting through media narratives. This investment comes as Polymarket seeks to re-enter the US market legally after a CFTC action forced it to block American users in 2022. The platform had been cited for operating an unregistered swaps platform. Since then, it acquired a CFTC-licensed derivatives exchange and worked toward regaining its user base. Despite generating significant betting activity during the 2024 US presidential race, the platform faces regulatory scrutiny, with concerns from lawmakers regarding the integrity of such prediction markets. Nonetheless, Polymarket is reportedly finalizing a valuation at $1 billion as it promotes its comeback in the US.

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