Polymarket is preparing for a big return with bells and whistles to the American market, and, as confirmed by the prediction market platform itself, a key part of that plan will be the launch of its own cryptocurrency, likely called POLY.
A Big Splash Ahead
The details regarding the mechanics, allocation, and blockchain for the token and airdrop are currently under wraps for the time being. As explained by chief marketing officer Matthew Modabber on the Degenz Live podcast, the immediate focus is on reestablishing the company in the US.
“Right now our core priority is launching in the US and making a big splash there,” he said. “After we take care of business on the US app and US launch, there will be a focus on the token.”
He highlighted that the company wants to get the token right rather than rushing it, pointing to other crypto projects like Hyperliquid that have benefited from careful planning.
Rumors regarding the POLY token coincide with Shayne Coplan’s company getting closer to securing a $2 billion investment from Intercontinental Exchange that values Polymarket at $9 billion to $10 billion post-money.
There are also rumors regarding Polymarket’s upcoming funding round that could boost its valuation to $12 billion-$15 billion.
Plus, a fresh filing with the Securities and Exchange Commission (SEC) included the phrase “other warrants” in connection with investors’ rights and options to purchase other securities, another indicator that a possible token could be underway.
Imminent Relaunch
The timing for the relaunch looks imminent, following the company’s decision to acquire CFTC-registered derivatives exchange QCX for $112 million in July.
According to regulatory filings, the platform could go live at any moment, with a listing date noted no earlier than October 2, 2025. The process will allow Polymarket to operate in a fully regulated environment, avoiding the legal clashes that led to its 2022 ban in the country.
The crypto airdrop, used to raise awareness and encourage engagement, is expected to reward the most active community members. Observers speculate that POLY’s initial distribution will follow the same pattern.
When POLY arrives, it could become a central piece of Polymarket’s ecosystem, giving users a new way to engage with prediction markets and participate in one of crypto’s more high-profile reentries.