Here’s a tale of patience, tokens, and regulatory hurdle hurdles fit for a crypto soap opera. Polymarket’s Chief Marketing Officer, Matthew Modabber, just dropped confirmation that a shiny new POLY token and accompanying airdrop are on their way.
The token debut waits in the wings until the prediction market makes a glorious return to the U.S. stage.
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The token will come once the American comeback is done
Polymarket faced a 2022 ban in the States thanks to a $1.2 million fine from the Commodity Futures Trading Commission for botching “swap data reporting and recordkeeping.”
Since then, it’s been on a stealthy comeback mission, quietly relaunching its U.S. app. Currently, the platform operates in a test phase, inviting only select users to join the fun.
Modabber spilled the beans on Rug Radio making it clear they want the POLY token to be more than a hype vehicle.
They aim for it to have real utility and longevity. Translation, likely no rushed launches here.
First things first, our core priority is launching the U.S., Modabber stressed. The token will take the spotlight only once the American comeback is a done deal.
The boys are live with @MatthewModabber, CMO of @Polymarket! https://t.co/aZC2de50Ko
— Farokh (Perma/Bull) (@farokh) October 23, 2025
Acquiring QCX
We can’t say that life has been drama-free for the company. Polymarket’s CEO, Shayne Coplan, had his home raided by the FBI last year, with phones and gadgets confiscated, a not-so-subtle warning shot from regulators.
Then came Polymarket’s move in July, acquiring QCX, a derivatives exchange. QCX snagged a coveted no-action letter from the CFTC in September, effectively granting Polymarket a “green light” to relaunch stateside.
That legal thumbs-up paved the way for their current U.S. push.
The POLY token has long been the subject of whispers and hints, especially in the crypto community on the social media.
Coplan teased the POLY ticker earlier this year, and reports say investors in their recent funding round received token warrants, fancy promises granting the right to buy the token once released.
$2 billion investment from International Exchange
The buzz is real btw, Myriad markets just bumped the odds from 11% to 29% that Polymarket will announce the token before 2026.
That excitement follows Polymarket’s $9 billion valuation, fueled by a $2 billion investment from Intercontinental Exchange, NYSE’s owner.
As Bloomberg reported, this deal crowned Coplan as the youngest self-made billionaire.
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Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 26, 2025 • 🕓 Last updated: October 26, 2025
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