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Insiders: Polymarket Token plans may be postponed until next year, currently focusing on returning to the US market.
[Insider: Polymarket Token Plan May Be Delayed Until Next Year, Currently Focused on Returning to the U.S. Market] Insiders reveal that the prediction market platform Polymarket plans to issue a native Token, but the launch may be delayed until next year. The company is currently focusing on returning to the U.S. market after being 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.