Polymarket is preparing to launch its own token and plans to airdrop it to users following the company’s re-entry into the U.S. market. This announcement was made by Chief Marketing Officer Matthew Modabber during an appearance on the Degenz Live podcast.
Plans for Token Launch and Airdrop
According to Modabber, “There will be a token, there will be an airdrop.” However, he emphasized that the primary focus is on establishing a strong presence in the U.S. before moving forward with the token launch.
U.S. Market Focus
The company aims to make a significant impact upon its resumption of operations in the U.S. Modabber stated, “Right now our core priority is launching in the U.S. and making a big splash there.” The token release will be a later focus once they stabilize operations on the U.S. app.
Strategic Acquisition
This year, Polymarket acquired QCX, a registered derivatives exchange, for $112 million. This acquisition marks a pivotal step in facilitating regulated access to its prediction markets for U.S. users.
Regulatory Filings and Timeline
A regulatory filing submitted on September 30 indicated that the exchange intends to list a new product no earlier than October 2, 2025. This timeline suggests that the U.S. version of Polymarket could potentially launch imminently.
Token Models and Market Dynamics
While specific details regarding the token’s mechanics have yet to be disclosed, Modabber referenced Hyperliquid’s token model. This model has successfully launched without initial trading incentives or transient hype.
Predictions and Real-World Betting
Polymarket specializes in allowing users to bet on real-world events, from election results to sports outcomes, by purchasing shares in anticipated results. The upcoming token will play a crucial role as Polymarket evolves into its next phase.
For now, the focus remains on ensuring that the foundation is secure for future developments. Users can look forward to participating in this innovative market landscape as it unfolds.
