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Polymarket CMO Confirms Token Airdrop

There will be a token, there will be an airdrop, the company says.
Polymarket CMO Confirms Token Airdrop
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Polymarket Polymarket CMO Matthew Modabber has confirmed the POLY token airdrop, stating Thursday in an interview with Degenz Live, "There will be a token, there will be an airdrop."

What’s the Scoop?

  • Token and Airdrop Confirmed: While Modabber confirmed the POLY airdrop to Degenz Live, timing remains uncertain. Modabber emphasized that Polymarket's immediate focus is its impending U.S. relaunch.
  • Regulated Return: Polymarket has been building towards its American return for months. Earlier this year, Polymarket acquired CFTC-registered derivatives exchange QCX for $112M. This subsidiary received a no-action letter for its event contract recordkeeping policies from the CFTC in early September, and regulatory filings submitted September 30 indicate the exchange could begin listing markets at any time.
  • Soaring Valuation: Intercontinental Exchange (ICE) invested $2B in Polymarket at a $9B post-investment valuation just two weeks ago, yet the prediction market is already reported to be seeking new funding at a potential $15B valuation.
  • DraftKings Competition: Beleaguered DraftKings (DKNG) – an online sports gambling platform whose share price has plummeted over 30% since September amid increasing competition from prediction markets – announced its own prediction market mobile app earlier this week, which will tap Polymarket for clearinghouse services.

Bankless Take:

We've been covering potential Polymarket airdrop eligibility requirements for well over a year. Stay ahead of the drops: explore 150+ verified airdrop opportunities (including Polymarket) with the Bankless Airdrop Hunter.


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Jack Inabinet

Written by Jack Inabinet

517 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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