Donald Trump Jr., the son of President Trump, has invested tens of millions of USD in Polymarket, the world's largest prediction market platform, and joined the company's advisory board. This move comes just weeks after #Polymarket spent 112 million USD to acquire the licensed exchange QCEX, paving the way for a legal return to the US market.
Redefining the market and competition
The participation of #DonaldTrumpJr in Polymarket demonstrates the increasingly strong intersection between cryptocurrency, finance, and politics. After being fined and banned from operating in the US by the CFTC, Polymarket now has strong political backing.
This return immediately places Polymarket in direct competition with other giants like Coinbase, Robinhood, and CME Group, companies that are also eyeing the prediction market space. These platforms are redefining the prediction market from a mere betting form into a new investment intersection, especially in the context of political and social events that attract billions USD in betting value.
This is an important step, not only helping Polymarket "come home" but also promoting the acceptance and development of the entire prediction market sector in one of the most demanding markets in the world. #anhbacong
