Polymarket Prepares POLY Token as $2 Billion Backing Fuels Airdrop Frenzy
Polymarket Chief Marketing Officer Matthew Modabber has confirmed plans to launch a local POLY token and airdrop, marking the corporate’s first official acknowledgment of long-rumored tokenization.
The transfer comes as the prediction-market platform hits report buying and selling ranges and attracts new institutional consideration following a $2 billion funding from Intercontinental Exchange, the mum or dad of the New York Stock Exchange.
Token Launch Confirmed as Prediction Markets Expand
“There can be a token, um, there can be an airdrop,” Modabber stated on the Degenz Live podcast.
“We actually satisfaction ourselves on being probably the most thorough firm. We may have launched a token anytime, however we wish it to have true utility and longevity—to be round without end. That’s what we count on from ourselves, and that’s what everybody within the area expects from us.”
Polymarket founder Shayne Coplan had teased the launch earlier, however Modabber’s feedback confirmed rising expectations throughout the crypto group.
He famous that the corporate’s present focus is on relaunching its US app, which lately acquired regulatory clearance after a 2022 halt.
“Why rush a token if we have to prioritize the US app?” Modabber stated.
Rising Volumes and Institutional Backing Fuel Optimism
Speculation about the airdrop has intensified. Traders counsel allocations may depend upon buying and selling historical past. The announcement follows a surge in prediction-market activity, with Polymarket and Kalshi logging $2.9 billion and $1.4 billion in quantity final month.
Community data reveals Polymarket hosts 1.35 million energetic merchants. Only 0.5% of wallets earn over $1,000, and simply 1.7% commerce greater than $50,000. Analysts say this unfold means a possible POLY airdrop may attain a whole bunch of hundreds if rewards favor energetic customers.
One DeFi researcher on X wrote, “Polymarket may simply find yourself being the most important airdrop ever.” They in contrast it to Pi Network’s $12.6 billion and Uniswap’s $6.4 billion giveaways, each milestones that reshaped crypto participation.
The firm’s development displays Wall Street’s rising urge for food for event-driven finance. ICE’s funding reveals that main establishments now view prediction markets as risk-pricing infrastructure somewhat than playing, BeInCrypto reported.
“Prediction markets’ actual worth lies in quantifying what conventional finance can’t — coverage selections, tech breakthroughs, and geopolitical dangers,” stated Rachel Lin, CEO of SynFutures, in an interview with BeInCrypto.
Industry analysts name the POLY token a pure step in Polymarket’s development. Delphi Digital noticed that new prediction-market “terminals” — combining a number of venues, dwell knowledge, and AI analytics — may open a buying and selling section just like the memecoin rush.
Still, regulation stays a hurdle. US companies proceed to debate whether or not prediction markets rely as derivatives or playing. The lack of readability may delay the token’s full rollout.
For now, Modabber’s affirmation has sharpened group focus and pushed prediction markets into mainstream finance. With new capital and consumer development, the POLY token could redefine how markets value collective foresight.
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