Polymarket Confirms POLY Token Launch and Airdrop Amid U.S. Relaunch Push

CMO Confirms Airdrop Plans as Platform Eyes U.S. Re-entry and $15B Valuation

TL;DR

• Polymarket CMO Matthew Modabber confirmed the launch of the POLY token and a large-scale airdrop.
• The firm boasts $2.9 billion in monthly trading volume, $2 billion in funding from ICE, and targets a valuation up to $15 billion.
• U.S. market comeback and regulatory alignment remain priorities before the token goes live.

Polymarket’s long-anticipated token launch has entered the final stretch after Chief Marketing Officer Matthew Modabber publicly confirmed the existence of a forthcoming POLY token and accompanying airdrop. Speaking on the Degenz Live podcast on October 24, 2025, Modabber said, “There will be a token, um, there will be an airdrop,” before emphasizing that the company has deliberately delayed the release to ensure the asset offers “true utility and longevity.” His remarks ended months of speculation surrounding one of the prediction market sector’s most-watched launches.

The firm’s operational scale has rapidly expanded, drawing institutional capital and retail attention alike. Polymarket recently reported about $2.9 billion in monthly trading volume, outpacing its closest rival Kalshi at $1.4 billion. The platform now claims roughly 1.35 million active traders and nearly 58,000 daily active accounts — a 300 percent surge from earlier 2025. Data across major exchanges show the broader crypto price index reflecting the platform’s growth momentum, as prediction-based trading emerges as a key frontier in blockchain-driven markets.

Backed by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, Polymarket’s latest funding round injected $2 billion into its balance sheet and reportedly values the company at around $9 billion. Sources familiar with ongoing fundraising say the firm is now targeting a valuation between $12 billion and $15 billion, placing it among the highest-valued crypto-native platforms outside the exchange sector. Industry analysts suggest the move could reshape investor sentiment across the coin market cap spectrum as traditional finance players deepen their ties with decentralized prediction markets.

Eligibility rules for the airdrop are still under internal review, but insiders expect 5 to 10 percent of the total POLY supply to be distributed to active users based on historical trading volumes and liquidity provision. The rollout is tied to the company’s ongoing push to relaunch its U.S. application, following its 2022 exit over regulatory uncertainty. Polymarket has since acquired a registered exchange and secured no-action assurance from the Commodity Futures Trading Commission, a step that could legitimize its operations under U.S. law before any token distribution occurs. Modabber acknowledged the sequencing concern, remarking, “Why rush a coin if we need to prioritize the U.S. app first?”

Analysts view POLY as a potential multi-utility token for governance, staking and fee discounts, possibly introducing a “Pro tier” for high-volume traders. Its expected design aligns distribution with network activity — a structure that could anchor engagement while expanding market liquidity. Industry data suggest Polymarket’s markets have historically predicted outcomes with about 95 percent accuracy hours before settlement and 91 percent a month out, bolstering its reputation for crowd-based forecast reliability.

The company’s expansion extends beyond crypto circles. Partnerships with the National Hockey League and DraftKings hint at an ambitious integration between sports prediction and financial trading. Rachel Lin, CEO of SynFutures, summed up the sector’s momentum: “Prediction markets’ real value lies in quantifying what traditional finance can’t — policy decisions, tech breakthroughs, and geopolitical risks.” As Polymarket steps toward its token launch and a potential U.S. comeback, the industry is watching whether the POLY airdrop will set a new benchmark for user engagement and valuation growth across the crypto price index and broader coin market cap landscape.

This article has been refined and enhanced by ChatGPT.