Polymarket Plans Token Launch, Eyes $15 Billion Valuation In New Funding Round
Polymarket Plans Token Launch, Eyes $15 Billion Valuation In New Funding Round
Prediction market giant Polymarket is preparing to launch a native token and airdrop as it seeks to raise fresh capital at a higher valuation. What Happened: Polymarket Chief Marketing Officer Matthew Modabber confirmed that the token will debut after the platform's official U.S. relaunch, which is already underway.
Article Summary
**Polymarket Prepares Native Token Launch Amid $15 Billion Valuation Target** Decentralized prediction market leader Polymarket is set to launch its native cryptocurrency token and conduct an airdrop as part of a major funding round targeting a $15 billion valuation. The blockchain-based platform's Chief Marketing Officer Matthew Modabber confirmed the token debut will follow Polymarket's official U.S. market relaunch, currently in progress. This strategic move positions Polymarket to capitalize on growing DeFi adoption and prediction market demand. The native token launch represents a significant milestone for the cryptocurrency platform, which has gained substantial traction in decentralized finance circles. Market analysts view this development as potentially bullish for the broader crypto ecosystem, particularly prediction market protocols. The timing aligns with renewed institutional interest in blockchain-based prediction platforms and tokenized assets. Polymarket's token airdrop strategy mirrors successful launches by other major DeFi protocols, potentially driving user acquisition and liquidity growth. As Bitcoin and altcoin markets show renewed momentum, Polymarket's entrance into the native token space could attract significant investor attention and trading volume across cryptocurrency exchanges.
