Polymarket Prepares POLY Token as $2 Billion Backing Fuels Airdrop Frenzy

Polymarket's Chief Marketing Officer, Matthew Modabber, officially confirmed that the prediction-market platform is preparing to launch a native POLY token and conduct an airdrop, fulfilling long-standing community rumors. This confirmation comes as Polymarket experiences record trading volumes and gains institutional attention, notably after securing a $2 billion investment from Intercontinental Exchange (ICE), the parent company of the NYSE. Modabber emphasized that the launch is being carefully planned to ensure the token has "true utility and longevity," prioritizing the relaunch of their US app, which recently regained regulatory clearance after a 2022 halt. Speculation is high regarding the airdrop criteria, with some analysts suggesting it could be one of the largest ever, potentially reaching hundreds of thousands of active traders. The platform's growth reflects a broader trend where major institutions view prediction markets as crucial risk-pricing infrastructure for quantifying geopolitical and technological risks.

(Source：BeInCrypto)