Overview
- CMO Matthew Modabber said a POLY token and user airdrop are planned, with work on the token to follow a successful U.S. return.
- Polymarket’s U.S. app is in invite-only testing as the team focuses first on launching domestically before shifting attention to token rollout.
- Polymarket bought QCX for $112 million, and a September no-action letter for QCX plus a Sept. 30 filing stating products could list no earlier than Oct. 2 indicate a pathway to go live in the U.S.
- Intercontinental Exchange invested $2 billion, a deal reported to value Polymarket at about $9 billion and underscore institutional interest in tokenized markets.
- The company’s U.S. reentry follows a 2022 CFTC action that levied a $1.2 million fine and constrained its operations in the market.