Polymarket, a leading prediction market platform, is poised to launch its native cryptocurrency token, though the release will be delayed until next year. The announcement follows significant developments in the company’s trajectory, including a recent $2 billion investment from Intercontinental Exchange (ICE), the owner of the New York Stock Exchange. This funding has elevated Polymarket’s valuation to $9 billion.
Reentry into the U.S. Market
After being effectively banned by the Commodity Futures Trading Commission (CFTC) in 2022, Polymarket is preparing to reestablish its presence in the U.S. competition, which is currently dominated by Kalshi. Despite previous setbacks, sources indicate that Polymarket is determined to regain its foothold in the American market before officially launching its token.
CEO’s Hint and Speculations
Shayne Coplan, the CEO of Polymarket, recently sparked interest regarding the forthcoming token by posting a “POLY” ticker alongside major cryptocurrencies such as Bitcoin and Ethereum on X, formerly known as Twitter. This has renewed speculation about the token’s potential utility, which may include rewards for users.
Trading Volume and Market Dynamics
The prediction market industry has experienced impressive growth in 2025. In just one week, platforms like Polymarket, Kalshi, Limitless, and Myriad generated over $1.4 billion in trading volume, betting on various topics from politics to sports. Currently, Polymarket holds about 31% of the prediction market share, while Kalshi has around 66%.
- Polymarket’s valuation: $9 billion
- Kalshi’s valuation: $5 billion
- CFTC fine in 2022: $1.2 million
Company Milestones
In the past year, Polymarket has faced legal challenges but has nevertheless gained considerable market traction. Following a series of funding rounds that attracted significant investors such as Coinbase and Peter Thiel’s Founders Fund, the company grew its valuation to $1.2 billion by July.
Future Prospects
Polymarket’s initiatives to secure approval for its U.S. prediction markets have progressed positively. The company has acquired the CFTC-regulated derivatives exchange QCX, allowing it to re-enter the U.S. market. With a waitlist now open for American users, anticipation builds regarding the future announcement of their natively issued token. The odds of this token’s launch in 2023 have fluctuated dramatically, presently estimated at around 22%.
As Polymarket navigates its regulatory landscape and aims for strategic growth, interest remains high in the potential launch of its new token, particularly as the prediction market sector continues to thrive.
