Ah, dear reader, in a twist of fate that could only be penned by the hand of destiny itself, Polymarket has summoned a scion of the Trump dynasty to its advisory board, as if the very fabric of reality were woven with threads of irony and absurdity. This strategic maneuver follows a rather curious investment from an entity known as 1789 Capital, where our protagonist, Donald Trump Jr., holds the esteemed title of partner. One cannot help but chuckle at the sheer audacity of it all! 😏
- In a move that could only be described as both audacious and bewildering, Polymarket has appointed none other than Donald Trump Jr. to its advisory board, a decision that comes hot on the heels of a strategic investment from 1789 Capital, where he is, indeed, a partner. How delightfully convoluted!
- Let us not forget, dear reader, that this platform, once a beacon of hope for prediction markets, exited the U.S. stage in 2022, following a rather stern reprimand from the Commodity Futures Trading Commission (CFTC) regarding unregistered event contracts. A tale as old as time, is it not?
- Our dear Trump Jr. has proclaimed his intent to work diligently with Polymarket to restore access in the United States. One can only imagine the fervor with which he approaches this noble task!
In a press release that could rival the most dramatic of theatrical performances, Polymarket has officially welcomed Donald Trump Jr. to its advisory board. The announcement, made on the 27th of August, was accompanied by whispers of an investment from 1789 Capital, a firm that, according to its own lofty declarations, is dedicated to “funding the next era of American exceptionalism.” Oh, the irony drips like honey from a spoon! 🍯
Shayne Coplan, the founder and CEO of Polymarket, waxed poetic about this investment, calling it a significant milestone. “We are proud to formally welcome 1789 Capital as a strategic partner and Donald Trump Jr. to our advisory board as we continue building our platform,” he declared, as if he were announcing the arrival of a new messiah. How charmingly optimistic!
The timing of this partnership is, of course, nothing short of serendipitous, as it follows a series of events that hint at a grander scheme to re-establish the company’s presence in the U.S. Just last month, Polymarket announced the acquisition of QCEX, a regulated derivatives exchange and clearinghouse, as if to say, “Fear not, for we shall return!”
Trump Jr.’s involvement is expected to bolster this mission, as he has assured the public that he will work tirelessly to restore access in the U.S. “Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform,” he proclaimed, with all the gravitas of a statesman. “I look forward to working with the team to advance its mission of bringing truth and transparency to everyone, including the U.S.” How noble! Or is it? 🤔
Why did Polymarket exit the U.S?
Ah, the tale of Polymarket is one fraught with peril and regulatory entanglements. Launched in 2020, it quickly ascended to the heights of prediction markets, only to be brought low by the heavy hand of the CFTC in 2022, which charged it over unregistered event contracts. A $1.4 million penalty and restrictions on American users followed, forcing the platform to operate primarily in the shadows of the international market.
But wait! The plot thickens! The U.S. Department of Justice, in a fit of investigative fervor, launched a probe into Polymarket, suspecting foul play related to predictions for the 2024 presidential election. This included a dramatic raid on CEO Shayne Coplan’s abode by the FBI, as they sought to uncover whether the platform had knowingly allowed illegal trading despite the U.S. ban. Oh, the drama! 🎭
However, in a twist that would make even the most seasoned playwright weep with joy, both the CFTC and DOJ closed their investigations in July 2025, finding no evidence of wrongdoing. The path for a potential return was cleared, yet Polymarket remains silent on its official re-entry into the U.S. market, leaving us all in suspense. Will they return? Only time will tell, dear reader, only time will tell.
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2025-08-27 12:15