According to the firm’s Chief Marketing Officer Matthew Moddaber, Polymarket will launch a cryptocurrency, but floating an app for its United States users is the current priority. This revelation comes after the crypto prediction platform’s founder, Shayne Coplan, teased the potential launch of a “POLY” token.
Moddaber said in the interview:
We could have launched a token whenever we wanted, and it’s just how thorough we want to be about it. We want it to be a token with true utility, longevity, and to be around forever, right? That’s what we expect from ourselves, and that’s what I think everyone in the space expects from us.
Moddaber questioned the need to rush a crypto token launch when the priority should be on the US app. “After the US launch, there will be a focus on the token and getting that live and making sure that it’s well done,” the marketing executive said.
While Polymarket has had its fair share of trouble with the regulatory authorities in recent years, the recent approval by the US CFTC represented the end of investigations into the crypto prediction platform.
Polymarket, which gained prominence in 2024 during the 2024 US elections, has become a major player in the prediction market over the past year. As a result of this growing popularity, the firm has been able to secure a number of partnerships in recent months.
According to the latest report, the company is reportedly preparing for another funding round, as it eyes a $15-billion valuation.
