CMO Matthew Modabber says the upcoming POLY token will prioritize “utility and longevity” as the prediction market surges toward a $15 billion valuation.
POLY Token and Airdrop Officially Confirmed
Polymarket CMO Matthew Modabber has confirmed that the fast-growing prediction market platform will soon launch a native POLY token — alongside an airdrop for users.
Speaking on the Degenz Live podcast Thursday, Modabber said:
“There will be a token, there will be an airdrop. We want it to be a token with true utility, longevity, and to be around forever.”
His remarks follow earlier hints from founder Shayne Coplan, who previously teased the token launch earlier this month.
While the team could have issued the token earlier, Modabber emphasized that Polymarket’s priority is building long-term sustainability over short-term hype:
“Why rush a token if we need to prioritize the U.S. app launch first?”
U.S. Relaunch Takes Priority
Polymarket’s U.S. comeback is now the company’s main focus.
After halting operations in 2022 due to regulatory uncertainty, Coplan confirmed in September that the firm has now been “given the green light to go live” in the United States.
Once the American rollout is complete, the team plans to shift attention toward the POLY token launch and airdrop, which Modabber said will be executed “carefully and thoroughly.”
Speculators believe the airdrop distribution may be based on user trading activity, rewarding the platform’s most active traders.
Institutional Partnerships and Explosive Growth
The confirmation of the token comes amid a historic boom in prediction market activity.
Polymarket and its competitor Kalshi saw record trading volumes in September, with $1.4 billion and $2.9 billion traded, respectively, according to The Block’s data dashboard.
The surge follows major institutional investment, including a $2 billion injection from Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — at a $9 billion post-money valuation.
Polymarket is now reportedly exploring a new funding round that could value the company at up to $15 billion, according to Bloomberg.
Expanding Ecosystem: DraftKings and NHL Partnerships
In addition to institutional backing, Polymarket recently inked a multi-year licensing deal with the National Hockey League (NHL) and will serve as a clearing partner for DraftKings’ entry into prediction markets — further solidifying its dominance in the growing on-chain betting sector.
The POLY token is expected to power Polymarket’s ecosystem, potentially offering governance rights, liquidity incentives, or staking mechanisms tied to market resolution.
While no official date has been set, Modabber’s confirmation marks a major milestone — signaling Polymarket’s transition from a niche crypto project to a mainstream, regulated, and institution-backed prediction platform.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.