Why polymarket Is Trending Today?

Donald Trump Jr. has joined Polymarket's advisory board following a strategic investment from 1789 Capital. Polymarket, a decentralized prediction market platform, is set to strengthen its U.S. presence with Trump Jr.'s addition and the recent funding. The platform has also predicted a 62% chance of Bitcoin's price falling below $100K this year. Meanwhile, Polymarket's odds suggest that Jerome Powell's replacement as Fed Chair is imminent, with the Trump team considering 11 candidates. In other news, a former Polymarket team has launched The Clearing Company, a prediction market platform, securing $15 million in funding.

A user on Polymarket accurately predicted Taylor Swift's engagement a day before the announcement, sparking a betting spree. Donald Trump Jr. has joined the board of Polymarket, following a multimillion-dollar investment from his venture capital firm, 1789 Capital. The prediction market platform has gained attention for its accurate forecasts, including a recent decrease in the probability of Jerome Powell being removed as Federal Reserve Chair this year.