Polymarket CMO Confirms POLY Token and Airdrop Plans, Prioritizes U.S. App Launch

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Polymarket, a cryptocurrency-based prediction market platform, is hinting at major developments for what could be its biggest phase yet.

With talk of a new token, upcoming airdrop, and an app on the way, excitement is building among investors and users.

Polymarket Confirms POLY Token and Airdrop Plans

Polymarket CMO, Matthew Modabber, has revealed that the company plans to launch a native POLY token alongside an airdrop. 

Modabber confirmed the plans during an appearance on the Degenz Live podcast, stating, “There will be a token, and there will be an airdrop.” He explained that the team has been deliberate about the timing of the launch, noting that while they could have released a token earlier, their focus is on ensuring it offers real utility and long-term value.

“”We could have launched a token whenever we wanted, and it’s just how thorough we want to be about it. We want it to be a token with true utility, longevity, and to be around forever. That’s what we expect from ourselves, and that’s what I think everyone in the space expects from us,” he said. 

This shows the team’s commitment to creating a sustainable token with genuine long-term value rather than rushing its release.

Polymarket Prioritizes U.S. App Before Token Launch

However, Polymarket’s current priority is launching its U.S. app.  

“Why rush a token if we need to prioritize the U.S. app?” he said. However, he noted that once the app launches, the team will shift its focus to the token, ensuring it goes live smoothly and is executed properly. He also said that Polymarket is one of the most mainstream crypto projects out there.

According to rumors, Polymarket’s anticipated airdrop may be allocated based on users’ trading volumes. This means that the most active traders could stand to receive the largest share, highlighting the potential rewards for engaging early on the platform.

Polymarket Eyes Major Funding Round

Polymarket is also reportedly in early talks to raise funds at a $12–$15 billion valuation.

This comes as the trading activity on Polymarket and Kalshi, hit record highs, surpassing the previous peak recorded during last year’s U.S. presidential election. 

This shows the growing investor interest in platforms that allow users to bet on real-world events.

Polymarket is entering a key phase, with growth in trading, funding, and platform development. The upcoming token and airdrop could mark the next step in its expansion and engagement with users.