- Although the platform has not officially announced its plans for launching tokens, Polymarket is reportedly tempting consumers with an airdrop.
- As of September, the platform has no assurances despite having previously contemplated issuing its own coin.
According to reports, the decentralized prediction market Polymarket is hinting at a token airdrop that would help users who want to exchange their winning wagers for further benefits.
This would usher in a new era for the company, which has witnessed billions of dollars in trade activity from wagers on the US presidential election while previously offering no assurances on the launch of its own coin.
Users may be eligible for increased future rewards and drops if they reinvest their gains into other markets.
Although there were no assurances of the token launch at the time, The Information revealed in September that Polymarket was thinking of raising $50 million and issuing its own token.
Polymarket’s popularity surged during the 2024 U.S. presidential election, as the election prediction market generated $3.6 billion in betting activity before election day.
As of November 8, the platform has 166.9 million users, up from 235.3 million in October.
Customers in the US are unable to access Polymarket.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
