Polymarket Confirms Token Launch and Airdrop Plans After U.S. Return

Polymarket, the prediction market platform, has announced plans to launch its native POLY token and conduct an airdrop following its U.S. relaunch. Chief Marketing Officer Matthew Modabber confirmed the MOVE during a recent podcast appearance, emphasizing the team's focus on ensuring the token's utility and long-term value.

The company's return to the U.S. market comes after a $112 million acquisition of CFTC-regulated QCX, providing a compliant operational framework. Polymarket had previously suspended U.S. operations in 2022 due to regulatory uncertainty but received approval to resume activities last September.

Recent funding rounds underscore growing institutional interest, with Intercontinental Exchange leading a $2 billion investment at a $9 billion valuation. The platform now eyes a potential $15 billion valuation in its next funding round.

Market activity remains robust, with Polymarket and competitor Kalshi generating $1.4 billion and $2.9 billion in trading volume respectively last month. The token launch timeline remains deliberate, with Modabber stating the team won't rush the process.