Polymarket Hints at POLY Token Launch and a New Crypto Billionaire
Date: 2025-10-10 Author: Oliver Abernathy Categories: BUSINESS
Polymarket CEO Shane Koplan sparked a heated discussion in the community after a short post with the ticker symbol POLY. Followers speculated that the post hinted at the imminent release of the platform's own token. Even representatives of Unstoppable Domains publicly inquired whether this confirmed the release.
Speculation intensified after Polymarket's parent company, Blockratize, filed documents with the SEC in September mentioning "additional warrants" in its latest investment round. Users immediately recalled a similar case involving dYdX, which also registered new warrants shortly before the launch of its DYDX token.
Meanwhile, attention to Koplan has increased for another reason. Shortly before the POLY controversy, Bloomberg included him on its list of billionaires. This followed a major news story: Intercontinental Exchange, the owner of the NYSE, invested $2 billion in Polymarket. Koplan confirmed the deal on October 7, adding that the company's valuation had since risen to $9 billion.
The investment made the 25-year-old entrepreneur the youngest self-made billionaire. His journey began in 2020, when he launched Polymarket after dropping out of New York University. In interviews, he admitted that he started the project literally from his apartment bathroom, with neither funds nor experience. It was then, amid the pandemic, that he realized that "we are entering an era in which the search for truth is paramount."
The idea for the platform was inspired by the work of economist Robin Hanson, a pioneer in prediction market research. Since then, Polymarket has attracted the attention of major investors and successfully completed several funding rounds, including two previously undisclosed ones. In the most recent of these, the company raised $150 million with the participation of Founders Fund.
After resolving issues with US regulators in the summer, Polymarket announced expanded access to US users. At the same time, the company acquired the CFTC-licensed derivatives exchange QCEX for $112 million, strengthening its market position.
Now the crypto community awaits official confirmation of POLY's launch, which could mark a new stage in the development of the rapidly growing platform and cement Polymarket's status as a key player in the prediction markets sector.
