Yang‐Mills theories in 2+1 (or 3) dimensions are interesting as nontrivial gauge theories in their own right and as effective theories of QCD at high temperatures. I shall review the basics of our Hamiltonian approach to this theory, emphasizing symmetries with a short update on its status. We will show that the calculation of the vacuum wave function for Yang‐Mills theory in 2+1 dimensions is in the lowest order of a systematic expansion. Expectation values of observables can be calculated using an effective interacting chiral boson theory, which also leads to a natural expansion as a double series in the coupling constant (to be interpreted within a resummed perturbation series) and a particular kinematical factor. The calculation of the first set of corrections in this expansion shows that the string tension is modified by about −0.3% to −2.8% compared to the lowest order value. This is in good agreement with lattice estimates.

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