Polymarket Files for Native Token Launch
Polymarket, a blockchain-based prediction market platform, has indicated plans to launch a native token. This was revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC).
Blockratize Inc., Polymarket’s parent company, updated its Form D filing by adding the category “Option, Warrant or Other Right to Acquire Another Security.” This suggests the platform is preparing to issue its own token. Earlier filings only included equity and warrants.
Crypto analyst Predict Trader noted that decentralized exchange dYdX used a similar filing approach before launching its DYDX token. Typically, such filings are amended three to six months before a token release. This hints that Polymarket might launch its token in early 2026.
Ongoing Fundraising Efforts
Polymarket is actively raising funds. Public data shows it has secured $135 million of a $257 million funding round started in July 2025. The company’s total fundraising now stands at about $382 million. If the current round completes, the total could reach $500 million.
A recent Business Insider report highlighted Polymarket’s plan to re-enter the U.S. market. The report also mentioned a potential $10 billion valuation. Regulatory relief from the Commodity Futures Trading Commission (CFTC) could support this growth and the upcoming token launch.
Possible Token Airdrop for Users
Launched in 2020, Polymarket has generated millions in revenue. It currently holds $153 million in total value locked (TVL) and sees $1 billion in monthly trading volume, according to Token Terminal data.
If Polymarket launches its token, active users may receive a significant airdrop. This would reward the platform’s community with token allocations.
