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Insiders: Polymarket Token plans may be postponed until next year, currently focusing on returning to the US market.
Golden Finance reports that sources reveal the prediction market platform Polymarket plans to issue a native Token, but the launch time may be postponed until next year. The company is currently focusing on returning to the US market, having previously been banned from operating by the CFTC in 2022 due to violations. This news follows the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, investing $2 billion in Polymarket, bringing its valuation to $9 billion. Polymarket CEO Shayne Coplan recently hinted at a token plan on the X platform, sparking speculation. Polymarket has regained its operating license in the US by acquiring the regulated derivatives exchange QCX and obtaining a CFTC “no-action letter.” The platform has currently reopened in markets such as sports and elections, and it holds about 31% of the global prediction market share, second only to competitor Kalshi.