Polymarket Token Speculation Soars Along with $10B Valuation

Polymarket Token Speculation Soars Along with $10B Valuation

Polymarket Token Speculation Soars Along with $10B Valuation

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors mostly flat into FOMC, Bitcoin leads +1% to $116,300

  • Binance in talks with US DOJ to end its compliance monitor

  • Bank of America says 67% of fund managers hold 0 crypto

  • Trump suing NY Times for $15M saying they hurt the TRUMP meme

  • Tether co-founder launches STBL, token soars to $1.7B fdv in debut

The world’s biggest prediction market is flirting with a token.

And it’s doing it while eyeing a stratospheric new valuation, rolling out earnings markets with Stocktwits, and prepping a regulated U.S. return.

Polymarket’s recent SEC filings hinted at “other warrants” which typically indicate a token.

This has led to broad speculation of a Polymarket token in the works.

And the token speculation comes just days after multiple outlets reported that Polymarket has raised a fresh round that could value the company as high as $9B–$10B.

A massive jump from the ~$1B valuation discussed in June.

That’s a lot of big money news, coming along with major fundamental progress:

  • Regulated U.S. comeback: After acquiring CFTC-licensed QCEX and receiving staff relief, CEO Shayne Coplan says the platform has the “green light” to go live in the U.S.

  • New product + distribution: Polymarket launched public-company earnings prediction markets and became the official prediction-markets partner of Stocktwits, bringing live probabilities to Stocktwits’ 10M+ users

  • Volume check: Volumes are coming in around ~$250M/week and consistently at the $1B/month mark

The $10B raise makes a bit more sense with that backdrop.

Polymarket Gets Green Light to Operate Prediction Markets in US, CEO Says

“Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work.” – Shayne Coplan, CEO, on X (Sep 3)

“Prediction markets transform uncertainty into clarity by turning big questions-like earnings-into simple, tradable outcomes with transparent pricing.” – Matthew Modabber, CMO, Polymarket, on the Stocktwits partnership.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform.” – Donald Trump Jr., as Polymarket added him to its advisory board following 1789 Capital’s investment.

A token would formalize community upside.