{"id":407708,"date":"2025-10-11T01:06:31","date_gmt":"2025-10-10T19:36:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/polymarket-token-is-coming-but-likely-not-this-year-sources-crypto-news\/"},"modified":"2025-10-11T01:24:23","modified_gmt":"2025-10-10T19:54:23","slug":"polymarket-token-is-coming-but-likely-not-this-year-sources-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/polymarket-token-is-coming-but-likely-not-this-year-sources-crypto-news\/","title":{"rendered":"Polymarket Token Is Coming, But Likely Not This Year: Sources &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Polymarket is planning to release a native crypto token, but it won&#8217;t come in the next few months.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The prediction market is focused on regaining dominance in the U.S. after it was effectively banned in 2022.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">It follows a massive $2 billion investment from New York Stock Exchange owner Intercontinental Exchange, which valued Polymarket at $9 billion.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Polymarket plans to launch its own native crypto token, but likely not until next year, sources familiar with the matter told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The launch of the Polymarket token would follow a <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/343228\/polymarket-valued-9-billion-nyse-owner-invests-2b-prediction-market\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">$2 billion investment<\/span><\/a><span style=\"font-weight:400\"> in the prediction markets business from New York Stock Exchange owner Intercontinental Exchange, announced earlier this week, which valued the company at $9 billion. It would also follow the company\u2019s imminent reentry into the U.S. market after being effectively banned by the CFTC in 2022.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Polymarket does not plan to launch its token until it has regained a foothold in the U.S. market, currently dominated by competing prediction market <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/343819\/kalshi-raises-300-million-valuing-prediction-market-startup-5-billion\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Kalshi<\/span><\/a><span style=\"font-weight:400\">, sources told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">.<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/will-polymarket-announce-a-token-this-year\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Polymarket CEO <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/343426\/polymarket-shayne-coplan-youngest-self-made-billionaire-bloomberg\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Shayne Coplan<\/span><\/a><span style=\"font-weight:400\"> seemingly teased a forthcoming token earlier this week in a post on X, posting a \u201cPOLY\u201d ticker alongside Bitcoin, Ethereum, Solana, and BNB, reigniting speculation. Rumors of a Polymarket token have been swirling for well over a year, though the company has yet to publicly announce its plans. Polymarket has also yet to publicly comment on what the utility of such a token would be for its users once it&#8217;s launched, though it has hinted at \u201crewards and drops\u201d for loyal users.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Polymarket did not immediately respond to <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">\u2019s request for comment for this story.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The prediction market business has boomed in 2025. Over the last week, Polymarket, Kalshi, Limitless, and Myriad have collectively generated over $1.4 billion in trading volume on predictions on everything from sports to politics. (Disclosure: Myriad is a product of Dastan, <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">\u2019s parent company.) Polymarket, valued now at $9 billion, commands roughly 31% of the market, while Kalshi\u2014which today <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/343819\/kalshi-raises-300-million-valuing-prediction-market-startup-5-billion\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">announced<\/a> a funding round that values the company at $5 billion\u2014holds around 66% of the market, according to <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dune.com\/dunedata\/prediction-markets\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">data from Dune<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">But the road for Polymarket has been a long one.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">In 2022, the CFTC fined Polymarket $1.2 million and effectively banned it from the U.S. over alleged violations of \u201cswap data reporting and recordkeeping regulations.\u201d Even so, the prediction market gained mainstream prominence last year as users generated billions of dollars worth of trading volume betting on the outcome of the U.S. election.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Coplan, Polymarket\u2019s founder, had his <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/291548\/polymarket-founder-raided-fbi\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">home raided<\/span><\/a><span style=\"font-weight:400\"> by the FBI last year following the election, with federal agents seizing his phone and electronics in the process. Still, his business grew: The company raised hundreds of millions from notable investors, such as Coinbase, Peter Thiel\u2019s Founders Fund, and Steve Cohen\u2019s Point72, increasing its valuation to $1.2 billion in July\u2014just as the <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/330214\/polymarket-investigations-dropped-justice-department-cftc\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">DOJ and CFTC closed their investigations<\/span><\/a><span style=\"font-weight:400\"> into the company without filing charges.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i><span style=\"font-weight:400\">The Information<\/span><\/i><span style=\"font-weight:400\">, citing unnamed sources, <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/polymarket-discusses-fresh-funding-amid-election-betting-craze\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">reported in June<\/span><\/a><span style=\"font-weight:400\"> that Polymarket would offer token warrants to investors in its July round, granting those investors the right to purchase Polymarket tokens should the company release them. The tokens could be used to validate outcomes of their prediction markets, sources told <\/span><i><span style=\"font-weight:400\">The Information<\/span><\/i><span style=\"font-weight:400\"> at the time.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Later in July, Polymarket announced its acquisition of the CFTC-regulated derivatives exchange QCX, signaling its return to the U.S. market. In September, the CFTC issued a <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/9113-25\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">no-action letter<\/span><\/a><span style=\"font-weight:400\"> to QCX, effectively granting <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/337951\/polymarket-green-light-prediction-markets-us-cftc\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Polymarket a green light<\/span><\/a><span style=\"font-weight:400\"> to relaunch its prediction markets in the States.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Polymarket, through QCX, self-certified its first U.S. prediction markets for sports and elections last week, gaining CFTC approval to <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/342511\/prediction-market-polymarket-relaunch-us-sports-election\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">reopen to U.S. users<\/span><\/a><span style=\"font-weight:400\"> as early as October 2. The company opened up a waitlist for U.S. users earlier this week, just as speculation over a Polymarket token regained steam.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">On Myriad, the odds that Polymarket would <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/myriad.markets\/markets\/will-polymarket-announce-a-token-this-year\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">announce its token this year<\/span><\/a><span style=\"font-weight:400\"> jumped as high as 45% following Coplan\u2019s post on X. Those odds have since dropped to around 22%.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In brief Polymarket is planning to release a native crypto token, but it won&#8217;t come in the next few months. The prediction market is focused on regaining dominance in the U.S. after it was effectively banned in 2022. It follows a massive $2 billion investment from New York Stock Exchange owner Intercontinental Exchange, which valued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":405373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-407708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=407708"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407708\/revisions"}],"predecessor-version":[{"id":407710,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407708\/revisions\/407710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/405373"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=407708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=407708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=407708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}