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Polymarket founder and CEO Shayne Coplan has teased the launch of a local POLY token for the predictions platform shortly after being topped the youngest self-made billionaire.
The trace got here through a submit on X displaying ”$POLY” alongside crypto tickers $BTC, $ETH, $BNB, and $SOL, suggesting the platform might enter the market quickly.
In his submit, the CEO included a snapshot of the present mindshare available in the market that confirmed Polymarket in fifth place behind BTC, BNB, SOL and ETH, however forward of cryptos together with Aster (ASTER) and XRP.
Coplan A Billionaire After NYSE Dad or mum Firm Acquires $2B Stake
Coplan’s submit comes shortly after information broke that New York Inventory Trade (NYSE) dad or mum, Intercontinental Trade (ICE), invested $2 billion in Polymarket.
In keeping with an X submit by Polymarket, the deal values Polymarket at a $9 billion post-money valuation.
We’re excited to announce that Intercontinental Trade (ICE) — the dad or mum firm of @NYSE, is making a $2b strategic funding at a $9b post-money valuation.
Collectively, we’re constructing the subsequent evolution of markets.
A particular thanks to all those that have supported us… pic.twitter.com/y7Z3koj3IU
— Polymarket (@Polymarket) October 7, 2025
Following the funding, Bloomberg has topped the CEO because the youngest self-made billionaire and added him to its Billionaires Index.
Coplan, who’s now 27 years outdated, launched Polymarket in June 2020 following a year-long examine on how prediction markets might enhance determination making.
Via the platform, customers are capable of place wagers on a wide range of outcomes starting from elections to sports activities to financial indicators. These wagers will also be made in crypto.
Polymarket residence display screen (Supply: Polymarket)
The platform’s breakout second got here in 2024 in the course of the US presidential election, when customers wagered greater than $3 billion on potential outcomes. This surge in exercise reworked Coplan’s concept from a distinct segment crypto experiment into a worldwide identify.
The rise got here with some setbacks. In 2022, Polymarket paid a $1.4 million penalty to settle with the US Commodity Futures Buying and selling Fee (CFTC) over allegations that the platform was providing unlawful buying and selling. Quickly after this settlement, the platform stated that it blocked entry for US-based customers.
Per week after the 2024 US election, the FBI raided Coplan’s condominium. However each the US Justice Division and the CFTC went on to drop investigations into the platform.
In July, Polymarket acquired the CFTC-licensed change and clearinghouse QCEX, giving it a authorized floor to re-enter the US market.
Not The First Time Polymarket Has Thought-about Providing A Token
This isn’t the primary time that somebody related to Polymarket has hinted that it’s contemplating launching a local token.
The Polymarket X account had reportedly briefly shared a message alluding to a token launch in November final yr, saying that the staff “predict future drops”
Final month, Polymarket’s dad or mum firm Blockratize additionally submitted a submitting to the US Securities and Trade Fee (SEC) for its newest funding spherical, revealing “different warrants.”
That transfer is harking back to dYdX’s pre-launch strategy, which raised hypothesis {that a} native Polymarket token may enter the market quickly.
Polymarket Varieties Partnerships With MetaMask
Amid its re-entrance into the US market, Polymarket has fashioned a number of partnerships as a part of a broader growth push.
Earlier this yr, the platform partnered with X (previously Twitter), which is now owned by Tesla and SpaceX founder Elon Musk.
we’re becoming a member of forces with Polymarket as our official prediction market associate@X 🤝 @Polymarket
— X (@X) June 6, 2025
Through that partnership, Polymarket will grow to be the official prediction market associate for X.
Extra just lately, Web3 pockets supplier MetaMask stated that it’ll associate with Polymarket later this yr to develop its choices to prediction markets. The upcoming integration will make Polymarket instantly obtainable by way of MetaMask’s pockets, and can give customers the power to purchase and promote “shares” to wager on the number of occasions obtainable on the platform.
In August, Polymarket additionally secured an funding from 1789, a enterprise capital agency with ties to Donald Trump Jr.
Whereas the precise phrases of that funding haven’t been disclosed, Polymarket stated that Donald Trump Jr. will be part of the corporate as an adviser.
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