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Donald Trump Jr. is backing crypto prediction market 
Polymarket as both an investor and advisor, despite already holding a similar role with its chief competitor.
What’s the Scoop?
- Double Dipping: Trump Jr. joined Polymarket’s advisory board just months after becoming a strategic advisor to Kalshi, a rival prediction platform.
- New Capital Inbound: The investment comes via 1789 Capital, a venture firm where Trump Jr. is a partner. Terms of the deal were not disclosed.
- 2024 Surge: Polymarket rose to mainstream prominence during the 2024 U.S. election, letting users bet on political outcomes using crypto.
- Regulatory Comeback: After a 2022 CFTC settlement, Polymarket is re-entering the U.S. by acquiring regulated exchange QCEX for $112 million.
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