Polymarket to Launch POLY Token After U.S. Relaunch

Polymarket’s CMO Matthew Modabber confirmed the company will launch a native POLY token and an accompanying airdrop but said the rollout will wait until after a prioritized U.S. relaunch of its app. The company has acquired QCX, a CFTC-registered exchange, and filed listings that suggest the U.S. app could go live soon as part of steps to address regulatory requirements. Institutional interest has surged: Intercontinental Exchange (ICE) invested $2 billion at a reported $10 billion valuation, and Polymarket is pursuing further funding and partnerships, including DraftKings and other sports deals. The platform’s community and trading volume have grown rapidly, with over a million active traders, prompting speculation the airdrop—if structured to reward activity—could be very large. Modabber said the team is being deliberate to ensure the token has true utility and longevity and declined to disclose token mechanics, timing, or allocation rules.