Trump's eldest son invests tens of millions of dollars in Polymarket. Compliance licenses and political capital will assist Polymarket in issuing coin or IPO?

According to a report by AXIOS, Donald Trump Jr., the eldest son of U.S. President Trump, who manages 1789 Capital, has invested tens of millions of dollars into the decentralized prediction market Polymarket. (Background: Polymarket spent $112 million to acquire the exchange QCEX, obtaining compliance tickets in the U.S., and the next step is to issue coin?) (Background supplement: Polymarket released a new version of the Oracle Machine, allowing only 'efficiency allowlist' proposals to be listed for prediction) According to AXIOS, Donald Trump Jr. also joined Polymarket's advisory board. Political capital knocking at the door, the prediction market turns a new page. The report indicates that Polymarket currently has over $6 billion in cumulative volume and has crossed the $1 billion valuation threshold. In the past, Polymarket was restricted by U.S. regulations and had erected barriers for U.S. users, but now the entry of 1789 Capital symbolizes a political endorsement for the prediction market under the 'Trump 2.0' atmosphere. In order to return to the U.S. market, Polymarket previously acquired the compliant derivatives trading exchange QCEX for $112 million and renamed it Polymarket US. Meanwhile, the U.S. Department of Justice and CFTC have concluded their investigations into Polymarket, and Polymarket's Chief Compliance Officer Matthew Childers has submitted a comprehensive rule amendment to the CFTC, covering participant qualifications, transparency, and conflict of interest management, allowing Polymarket to officially step into the federal compliance regulatory framework from the gray area. Omeed Malik, founder of 1789 Capital, also pointed out: 'Compliance is the prerequisite for attracting long-term capital, and Polymarket also has the conditions for a future IPO.' Additionally, it is worth mentioning that there were previous speculations in the community that Polymarket might plan to launch its own native crypto assets (for example, The Information reported that Polymarket was considering issuing tokens to enhance market operations or as a financing tool). With the compliance license in hand and the arrival of Trump Jr.'s investment, the community also began to speculate that perhaps the time for Polymarket to issue coins is getting closer. The duel of titans: on-chain innovation versus traditional compliance Currently, the U.S. prediction market is represented by two major platforms. Kalshi already holds a CFTC license and adopts a traditional off-chain structure, valued at about $2 billion; Polymarket relies on blockchain decentralized technology and only established its compliance threshold after acquiring QCEX. Both companies have attracted attention for their high accuracy during the 2024 U.S. election period, but it is interesting to note that Donald Trump Jr. is also a strategic advisor for Kalshi, highlighting the intertwined capital networks in this competition. With political capital in place and the CFTC license obtained, the race between Polymarket and Kalshi has entered a new chapter. Perhaps for investors and observers, now is a crucial moment to reassess the financial value and risks of such platforms. Related reports: Is Musk paving the way for cryptocurrency? X platform collaborates with prediction market Polymarket Polymarket predicts Ethereum trends: 76% of investors believe it will break $3,300 in July Polymarket sees a '2025 Jesus coming' prediction betting pool, community jokes: Can the winning money be taken to heaven? 'Trump's eldest son invests millions in Polymarket; will compliance licenses + political capital help Polymarket issue coins or IPO?' This article was first published in BlockTempo, the most influential blockchain news media.