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Polymarket Founder, Now a Billionaire, Sparks Buzz With Native Token Tease

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Shayne Coplan, the founding father of Polymarket, has stirred hypothesis in crypto circles after hinting on the launch of a native token for the fast-growing prediction market.

In an X post on Oct. 9, Coplan urged a $POLY token may ultimately rank among the many largest cryptocurrencies by market capitalization.

The tease comes as Polymarket continues to realize traction as a go-to platform for betting on real-world occasions, from elections and sports activities to macroeconomic outcomes.

Polymarket Previously Teased Airdrop To Reward Active Users

This is just not the primary time the corporate has hinted at a potential token. Last November, Polymarket teased the prospect of a user airdrop that might reward individuals who redeemed successful bets with additional incentives. Such strikes have fueled expectations that a launch might not be far off.

Meanwhile, CoinDesk reported in July that the platform had weighed either issuing its own stablecoin or placing a revenue-sharing take care of Circle. Both choices replicate Polymarket’s ambition to strengthen its enterprise mannequin and increase past conventional buying and selling charges.

Record Wagers Elevated Platform To Global Attention

Founded in 2020, Polymarket has shortly develop into one of many largest crypto-native prediction markets. It noticed explosive progress in the course of the 2024 US presidential election, when greater than $3.6b was wagered on the end result.

The surge cemented its place as a distinctive venue for merchants in search of publicity to political and cultural occasions via blockchain-based contracts.

On Wednesday, Coplan revealed that Polymarket had raised $205m in two previously undisclosed funding rounds. The first, price $55m, was accomplished in 2024 at a $350m valuation and led by Blockchain Capital.

The second, in 2025, was far bigger at $150m and led by Founders Fund, valuing the corporate at $1.2b. Together, the rounds introduced Polymarket’s complete raised capital to just about $279m earlier than its latest take care of Intercontinental Exchange.

That ICE funding, worth $2b, was introduced this week and propelled Coplan into the worldwide billionaire ranks. It additionally marked some of the important validations of prediction markets from a main monetary establishment.

ICE Backing Strengthens Case For Domestic Relaunch After Four-Year Ban

The billionaire milestone provides momentum to Polymarket’s preparations for a return to the US market. The agency has been restricted since 2021, when the Commodity Futures Trading Commission compelled it to dam American customers as a result of regulatory issues.

With ICE’s backing and ongoing regulatory work, Polymarket goals to relaunch domestically after almost 4 years.

For Coplan, the token tease provides one other layer of intrigue at a time when investor urge for food for prediction markets is hovering. If launched, a POLY token may give customers a direct stake within the platform’s success and additional align incentives throughout its fast-growing neighborhood.

The submit Polymarket Founder, Now a Billionaire, Sparks Buzz With Native Token Tease appeared first on Cryptonews.

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