Polymarket parent firm files trademark applications for ‘POLY’ amid token launch plans
Polymarket's parent company, Blockratize Inc., filed U.S. trademark applications for 'POLY' and '$POLY' signaling potential token launch plans.Summary
Blockratize Inc., the firm behind the crypto predictions platform Polymarket, has filed U.S. trademark applications for the wordmarks "POLY" and "$POLY." These filings, submitted on an "intent to use" basis, cover classes related to financial and cryptocurrency trading software and services, aligning with previous confirmations from Polymarket executives regarding plans to launch a native POLY token, potentially with an airdrop.
Polymarket CMO Matthew Modabber had previously confirmed the token plans, noting the company was prioritizing the relaunch of its U.S. app first. While the trademark filings do not specify a timeline or token mechanics, they reinforce market expectations for the eventual POLY release.
This development occurs as Polymarket experiences rapid growth, generating $7.7 billion in trading volume last month, and secures major partnerships, including a $2 billion investment from Intercontinental Exchange (NYSE's parent) and integrations with Google Finance and Yahoo Finance, all while navigating increased regulatory scrutiny.
(Source：The Block)