According to WooFunai, 1789 Capital is planning to make an additional investment of about 300 million US dollars into the prediction market platform Polymarket, and the total financing scale of this round is expected to reach 1 billion US dollars.
The move marks that the fund, with Donald Trump Jr., as a partner, is deeply embedding its political influence into the crypto-financial infrastructure. Although outside attention is focused on the huge capital injection revealed this week, the binding relationship between the two parties has already taken shape. As early as August 2025, Polymarket announced that it had received a strategic investment of 1789 Capital and invited Donald Jr. to join its advisory board at the same time. At the time, Reuters quoted people familiar with the matter as revealing that the initial investment had reached tens of millions of dollars. 1789 Capital is named after the year the US Bill of Rights was passed and is headquartered in Palm Beach, Florida. Its slogan directly refers to “providing capital to open the next chapter of American exceptionalism.”
It's not a traditional crypto-native fund, but is becoming the most prominent political capital driver behind Polymarket's financing. The fund was founded in October 2022, and the founding team consists of investment banker OmeedMalik, conservative publisher and investor Chris Buskirk, and Republican superfinancier Rebekah Mercer. Its founding was inspired by a party between Buskirk and current Vice President JDVANCE on the financial network Rockbridge. Early roadshow materials clearly divided investment strategies into three sectors: replicating parallel economies, promoting de-globalization, and supporting industries marginalized by ESG (Environmental, Social, and Corporate Governance) principles.
To this end, they created the antagonistic label EIG (Entrepreneurship, Innovation, Growth), and Malik once bluntly stated that he would not vote for any company with ESG or DEI (diversity, equity, and inclusion) components. The three founders have established the Fund's non-traditional Silicon Valley temperament. Malik was the former head of the global hedge fund advisory business at Bank of America Merrill Lynch (BAC.US). After leaving his job in 2018, he reached an eight-digit lawsuit settlement with the bank and founded the boutique investment bank FarvaHarPartners in 2019. He donated money to Hillary in his early years, then switched to supporting Trump and became a member of Sea-Lake Manor, and was appointed to the FNMA.US (FNMA.US) board of directors in 2025.
As the founder and chief investment officer of the fund, Buskirk's family investment company BuskirkCapital directly promoted the establishment of 1789Capital. Donald Jr. joined the fund as a partner less than a week after the November 2024 election. His personal relationship with Malik began in 2018. They met in the Hamptons after being introduced by Kimberly Guilfoyle, and they have discussed investment matters together around 2020. The two moved to Palm Beach one after another due to dissatisfaction with the control of the epidemic. According to the official website, Donald Jr., is responsible for the development, fund-raising and strategy of new investment projects, and his extensive corporate connections provide key access to the fund's global network.
What really brought 1789 Capital from a small fund to the focus of the market was the explosive growth in the size of its assets. According to public data, the initial goal of the fund was to raise about 100 million US dollars, and the scale remained at this level by the end of 2023. As Trump won the election and Donald Jr. joined the partnership, the size of assets rose to $150-200 million.
According to data compiled by WooFunai, partner PaulaBrahimzadeh confirmed that the fund had surged from US$200 million to about US$3.5 billion in the past year, according to data compiled by WooFunai. In terms of performance, the “New York Times” in July 2026 quoted people familiar with the matter as saying that the return of the main fund as of June 30 was about 200%. 1789 Capital is not a seed fund. According to PitchBook, the number of investments has reached more than 40, and the portfolio has expanded from the early 5 to about 40.
Abrahimzadeh explained his strategy in a public interview: focus on industry leaders, wait a year or two to exit, occasionally get involved in early stages, and focus on growth stocks. The verifiable direction of heavy warehousing covers four categories. First, defense and re-industrialization, including Anduril, Hadrian, FireHawkaEroSpace, AxiomSpace, and rare earth magnet company VulcanElements. According to CNN statistics in July 2026, the fund has deployed more than 10 defense, military, aerospace and low-level software companies.
Next is the Musk system. SpaceX is one of the largest combined positions, and xAI, X, and Neuralink are also on the list of positions. The third category is AI computing power and models. Cerebras (CBRS.US) is the clearest way to cash out: the fund entered at a valuation of about $8 billion, then increased its position at a valuation of about $23 billion. The company landed on the NASDAQ in May 2026, making it one of the largest IPOs of the year.
It also owns Groq, ReflectionAI, PSIQuantum, Perplexity, Replit, SkilDai, etc. On the software side, Databricks, Ramp, Deel, and Plaid are arranged. The logic is to invest in an application layer 'enhanced by AI rather than replaced'. The fourth category is cultural business. The first investment in 2023 was Tucker Carlson's LastCountry. The list also includes JUUL and gun e-commerce GrabaGun. The increase in the speed of fund-raising was supported by popular assets such as SpaceX, Cerebras, and Anduril, as well as the name of the president's eldest son.
1789Capital's bet on the prediction market stemmed from Donald Jr.'s personal intuitive judgment. At the 2024 Republican National Convention, he went straight to Coplan, the 26-year-old founder of Polymarket at the time, pointing out that the platform's odds were closer to the real voices he heard from voters than polls.
Notably, just 2 years ago, Polymarket was heavily fined $1.4 million and ordered to block US users by the US Commodity Futures Trading Commission (CFTC) for violations. However, in August 2025, Donald Jr., in a press release, defined the platform as a tool to “bypass media rhetoric and expert opinions and allow people to place bets based on real judgment,” and emphasized that “America needs to be connected to this platform.” For a fund that flaunts anti-ESG and anti-'weaponized capital', the prediction market is packaged as a right to information rather than a right to gaming. 1789 Capital's investment path is clear: from Tucker Carlson's LastCountry, to Musk's X, to Polymarket, it is building a complete 'closed loop of anti-establishment decentralized information'. X provides a platform for public opinion, Carlson outputs opinions, and Polymarket shatters traditional mainstream media polling narratives through real betting odds.
This deep binding has allowed the platform to gradually evolve from a decentralized oracle to a potential suspect for insider manipulation. Once the Washington regime changes or the bipartisan game escalates, Polymarket will directly become the number one target for congressional antitrust and anti-insider trading investigations.
Despite this, the prediction market is no longer just a casino in the crypto world. The New York Stock Exchange parent company (ICE.US) and the president's eldest son's fund are using real money to reshape it as a key part of America's alternative finance infrastructure.