Prediction market Polymarket will launch a token and airdrop a portion of it to users after it officially resumes operations in the US, the company’s chief marketing officer confirmed on Thursday.
“There will be a token, there will be an airdrop,” Polymarket CMO Matthew Modaber said on the Degenz Live podcast. But the launch is not imminent. Modabar said that the company’s focus is first on making a strong comeback in the US market.
“Our main priority right now is to launch in the US and make a splash there,” he said. “The focus will be on the token once the business is taken care of on the US app and US launch.”
That launch could happen any day. Polymarket acquired Commodity Futures Trading Commission (CFTC)-registered derivatives exchange QCX for $112 million earlier this year. The move was widely seen as a way to bring its prediction markets back to US users in a fully regulated format.
“The Exchange intends to list the product no later than October 2, 2025, which is not earlier than the Commission business day following this submission,” it said in a regulatory filing submitted on September 30.
That time suggests the US version of the platform could go live at any time.
Modabar did not provide details on the mechanics or use cases of the token. But he pointed to the token model of Hyperliquid, a non-custodial perpetual exchange that recently launched a token without initial trading incentives or short-term promotion.
“Teams like Hyperliquid that really thought about it will be around forever as a result,” he said.
Polymarket allows users to bet on real-world outcomes – such as election results or sporting events – by purchasing shares in specific outcomes.
The upcoming token will be part of the next phase. But right now the team’s focus is on clearing the runway.