Polymarket has officially confirmed plans to launch its native token, POLY, along with an airdrop for users. The announcement came from Chief Marketing Officer Matthew Modabber during a podcast appearance, ending months of speculation around the project’s tokenization plans. He stated clearly that “there will be a token, there will be an airdrop,” while also emphasizing that the rollout would follow the relaunch of the U.S. version of the Polymarket app.
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U.S. Relaunch Comes First
The relaunch of Polymarket’s U.S.-facing platform is the company’s main priority, and the token will only launch once this step is complete. After halting U.S. operations in 2022 due to regulatory challenges, Polymarket acquired QCX LLC earlier this year. The acquisition granted it a CFTC-regulated license, allowing it to re-enter the American market legally.
Company executives have described the U.S. relaunch as “imminent,” though no specific date has been announced. Only after this rollout will the team move forward with the token and airdrop.
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Details on Airdrop Eligibility
While the company has confirmed the airdrop, the exact details are still unknown. Early reports suggest that between 5% and 10% of the token supply may be allocated to the airdrop. Eligibility will likely be based on user activity such as trading volume and general engagement on the platform.
Polymarket has also indicated it is taking steps to prevent Sybil attacks and ensure the airdrop benefits real users. Fake or low-quality accounts created to farm rewards will likely be excluded.
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What the Token Will Be Used For
The POLY token is expected to introduce utility features to the platform. While full details are still pending, the token may provide governance rights, potential staking, and reward mechanisms. By integrating the token, Polymarket aims to strengthen the link between users and the protocol itself.
This move comes as institutional interest in prediction markets continues to grow. Polymarket recently secured a $2 billion investment from Intercontinental Exchange, valuing the company at $9 billion.
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Timeline Still Unclear
Although the token and airdrop have been confirmed, no launch date has been provided. The rollout depends on the U.S. platform becoming fully operational first. Until that happens, there will be no official snapshot date or claim instructions.
