Core Insights - Polymarket has confirmed the launch of its POLY token and an airdrop, marking a significant development for the prediction market platform [1] - The company has experienced steady user growth, record trading volumes, and substantial institutional backing over the past year [2] - Polymarket commands over 95% of the total prediction market volume, processing approximately $690 million in trading volume in the week ending October 13 [3] Company Strategy - The immediate focus for Polymarket is the launch of its U.S. app, following regulatory clearance to re-enter the American market after a previous halt in operations due to CFTC enforcement [4] - The company prioritizes the U.S. app launch over the token release, emphasizing the importance of getting the app operational first [5] - Polymarket's return to the U.S. market follows its $112 million acquisition of QCX LLC, which provided it with a Designated Contract Market license [5][6] Market Position - Polymarket is positioned as the leading prediction market platform, significantly outpacing competitors like Kalshi, Limitless, and Myriad [3] - The platform's dominance reflects a resurgence in trader engagement and the prediction market sector after a slowdown in mid-2025 [3]
PolyMarket Airdrop Confirmed – Here’s What You Need to Know Ahead
Yahoo Finance·2025-10-24 20:09