Decentralized prediction platform Polymarket has confirmed plans to launch its native cryptocurrency, reportedly named “POLY,” along with a potential airdrop campaign.

The distribution formula, claiming process, and launch date have yet to be revealed.

According to company officials, re-entering the U.S. market under full regulatory compliance remains the top priority before shifting focus to the token rollout.

Regulatory Comeback: Compliance and Infrastructure Acquisition

After facing regulatory restrictions from the CFTC in 2022, Polymarket was barred from operating in the United States.

In June, the company announced the acquisition of clearinghouse and derivatives exchange QCEX LLC for $112 million, paving the way for its official return.

Polymarket has now opened a beta waitlist, signaling that a U.S. relaunch is imminent.

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Token Development: POLY Name Confirmed, Details Pending

Executives have verified the creation of a native token and are “considering an airdrop.”

However, the allocation model, eligibility rules, and blockchain choice (Ethereum or Solana) remain undisclosed.

A recent SEC filing mentioned “other warrants,” a term analysts interpret as early structural preparation for a future token issuance.

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Funding and Valuation: Institutional Backing Fuels Expectations

Polymarket recently received an investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, valuing the firm between $9–10 billion.

Market rumors suggest that the next funding round could push valuation to $12–15 billion.

The combination of regulatory progress and capital support has boosted expectations surrounding POLY’s airdrop and utility.

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Airdrop Watch: Eligibility and Participation Rules

Typical airdrop allocations depend on user activity, transaction volume, governance participation, or beta testing engagement.

Users are encouraged to monitor:

• Official announcements
• Snapshot dates
• Claim deadlines
• Anti-sybil mechanisms
• Tax compliance and security checks

⚠️ Important: Airdrops do not guarantee profits. Be cautious of phishing sites, impersonators, and fake claim portals.

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What It Means for Users: Opportunities and Risks

Opportunities: Polymarket’s return to the U.S. could boost liquidity, legitimacy, and user incentives. The POLY token may serve roles in governance, fee reduction, or platform rewards.

Risks: Uncertainty remains around regulatory stance, market volatility, and smart-contract security. Users should assess their personal risk tolerance before participating.

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Next Steps for Users (Checklist)

1. Subscribe to Polymarket’s official channels, blog, and social media.
2. Join the Beta waitlist and review KYC/compliance requirements.
3. Secure wallet addresses and enable phishing protection.
4. Wait for official token and airdrop announcements before engaging on-chain.

Editing by  Jimmy Butler