Published on: October 27, 2025, 12:46h.
Updated on: October 27, 2025, 01:05h.
- Prediction markets leader announces plans to launch a digital token and airdrop
- These developments will follow the company’s reentry into the US market
- Polymarket adopts a practical strategy for its upcoming cryptocurrency
A representative from Polymarket confirmed that the prediction markets platform will issue its own digital token, emphasizing that its primary focus is on reestablishing operations in the US.
In a recent discussion with Degenz Live, Polymarket’s CMO Matthew Modabber revealed that the derivatives exchange plans to introduce its cryptocurrency, potentially branded as “POLY”, along with an airdrop. However, details regarding allocation formulas, claiming procedures, and launch timelines have yet to be disclosed.
“We want to ensure that when we pivot our attention to a token, it becomes one of our primary focuses. At the moment, our top priority is re-entering the US,” Modabber stated in the interview. “We are preparing for this transition, but our immediate focus is clear.”
After facing regulatory issues with the Commodities Futures Trading Commission (CFTC) in 2022, Polymarket was prohibited from operating in the US. The company resolved those challenges, and in June, it disclosed a $112 million acquisition of QCEX LLC, a clearinghouse and derivatives exchange, which positions it to re-enter the US market.
Strong Indicators Point to Polymarket Token Launch
The circulating rumors about the POLY token coincide with Polymarket recently securing a $2 billion investment from Intercontinental Exchange (NYSE: ICE), which raises its valuation to an estimated $9 billion to $10 billion post-funding, with speculation that the next investment round could elevate its worth to between $12 billion and $15 billion.
Signs indicate that Polymarket, already immersed in cryptocurrency, is poised to introduce its digital currency. A recent filing with the Securities and Exchange Commission (SEC) triggered discussions in the crypto community, suggesting the event contracts provider is edging closer to launching its token.
This document referenced “other warrants,” relating to investors’ rights and options to acquire additional securities, enhancing details from earlier filings that indicated investors would have access to equity and traditional warrants. In the crypto sphere, the wording in the recent SEC filing was interpreted as a sign that Polymarket is gearing up for its own token release.
Currently, the specific functionalities of POLY remain uncertain, including whether it will operate on the Ethereum or Solana blockchains.
Potential for a Large POLY Airdrop
While the exact date for Polymarket’s return to the US is not yet known, indications suggest it could be imminent, as the company is actively recruiting beta testers and maintains a waiting list. This could signal that cryptocurrency enthusiasts should keep a lookout for developments regarding airdrops.
A crypto airdrop serves as a marketing strategy typically employed by blockchain startups to initiate a cryptocurrency project. The objective is to generate awareness about the digital currency and encourage broader participation once it is launched. Airdrops are usually announced through official company channels and within crypto communities,” informs Coinbase.
Generally, the top beneficiaries of airdrops are the most engaged members of the community, suggesting that the most active traders on the platform might receive the largest allocations of POLY, although this remains speculative for now.