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Polymarket’s Chief Marketing Officer (CMO), Matthew Modabber, has confirmed that the blockchain-based prediction market platform is planning to launch its native token, expected to use the ticker POLY, with an integrated airdrop campaign.
The confirmation came during an appearance on the Against the Odds podcast by crypto company Degenz.
“There will be a coin, there will be an airdrop. We could have launched a token whenever we wanted, but we want it to be with true utility, longevity, and to be around forever. That’s what we expect from ourselves, and that’s what everyone in the space expects from us.”
Matthew Modabber, Chief Marketing Officer, Polymarket
Modabber’s statement follows a hint from Polymarket founder Shayne Coplan just two weeks prior. Coplan had alluded to a POLY token after a report highlighted Polymarket as the top-ranking application in the industry by trade volume.
The POLY Token: Airdrop Timeline and Potential Utility
While Modabber confirmed the token and airdrop, he stressed that the team’s immediate priority is relaunching the platform in the United States.
“Why rush a coin if we need to prioritize the U.S. app first? After the U.S. launch, we will focus on the asset and ensure it is done perfectly.”
— Matthew Modabber, Chief Marketing Officer, Polymarket
This timeline aligns with recent comments from founder Shayne Coplan, who stated in September that the Commodity Futures Trading Commission (CFTC) had given Polymarket the “green light” to go live in the U.S.
Potential Use Cases For Poly
Though Modabber did not disclose specific use cases, the POLY token is anticipated to become the central ecosystem token for the platform. Potential utilities may include:
- Betting: Replacing or complementing USDC as the primary currency for buying shares in prediction markets.
- Profit Distribution: Paying out profits to users who correctly predict event outcomes.
- Rewards: Distributing POLY to the community through future airdrops, trading contests, and other community-focused events.
How to Qualify for the Polymarket Airdrop
No official steps to qualify for the POLY airdrop have been announced. However, based on typical Web3 airdrop campaigns, participation is often the key.
The most likely method to qualify will be active use of the platform. This could include:
- Being an active member of the platform’s official Discord community, which may offer exclusive rewards.
- Betting on various events and buying shares.
- Generating significant trading volume, potentially aiming for a high rank on the Polymarket leaderboard.
What is Polymarket
Launched in 2020, Polymarket is a decentralized prediction market platform. It allows users globally to bet on the outcomes of real-world events—such as elections, economic reports, or cultural events—using blockchain-based smart contracts.
How Polymarket Works
- Users bet on the outcome of an event (e.g., “Will Candidate A win the election?”).
- They buy “shares” for a “Yes” or “No” position using the U.S. dollar-pegged stablecoin, USDC.
- The price of a share (between $0.01 and $0.99) reflects the market’s perceived probability of that outcome.
- When the event concludes, users who bought shares in the correct outcome receive $1.00 per share. Those who voted for the wrong outcome lose their investment.
A report from crypto exchange Gate.io noted a high prediction accuracy on the platform, reaching 90% in the month before an event and as high as 94% in the final hours, suggesting the “wisdom of the crowd” on the platform is often correct.
Regulatory Status and Growth
While accessible globally, Polymarket paused its operations in the U.S. in 2022 following regulatory issues.
However, the company has made significant strides to re-enter the U.S. market. Early this year, Polymarket acquired QCX, a derivatives exchange registered with the CFTC, for $112 million.
This move, combined with a $2 billion investment from Intercontinental Exchange (the parent company of the New York Stock Exchange) at a $9 billion valuation in early October 2025, signals a strong push for a compliant U.S. relaunch—the event Polymarket’s CMO has designated as the precursor to the POLY token launch.
How to Buy Shares on Polymarket
For those new to the platform, here is a simple guide to getting started:
- Go to the official website:
https://polymarket.com/ - Create an account by clicking the “Sign Up” button.
- Fund your account. Click the “Deposit” button to add USDC.
- Browse the available markets and choose an event you want to predict.
- Buy “Yes” or “No” shares for your chosen outcome. The price for each share will be indicated.
- Confirm your trade. You can either sell your shares at any time as the odds (and prices) change, or hold them until the event resolves to collect your potential profit.
This article is published on BitPinas: The Polymarket POLY Token: Airdrop Timeline and Potential Utility
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