Summary: The radical homo‐ and copolymerization of styrene (1) and diethyl fumarate (DEF, 2) in the presence of methylated β‐cyclodextrin (β‐CD) in water is described. It has been shown for the first time that homopolymerization of CD‐complexed DEF and its copolymerization with CD‐complexed styrene occur readily in aqueous solution. In the absence of CD, or in organic solvents, the homopolymerization of DEF is strongly retarded.image