Trump Jr. Firm Invests $300 Million in Prediction Market; President Targets Press, Renames Lake

Donald Trump Jr.'s investment firm, 1789 Capital, is leading a significant funding round for the prediction market platform Polymarket, injecting approximately $300 million into the company. This investment is part of a larger $1 billion funding round that values Polymarket at $21 billion, a substantial increase from its previous valuation. The move by Trump Jr.'s firm highlights continued interest in the prediction market space.

Meanwhile, President Trump has intensified his public criticisms, notably threatening the FCC with an investigation into NBC's Kristen Welker, marking a direct attempt to weaponize a regulatory agency against an individual journalist. In parallel, Trump has continued to push for the renaming of Lake Ontario to "Lake America" on digital maps, a directive that has seen mixed responses from tech companies, with some complying and others, like MapQuest, refusing and experiencing a surge in app downloads as a result. The President has also voiced strong opinions against local opposition to data center projects, warning communities against hindering such developments.