Add on GoogleAdd Decrypt as your most popular supply to see extra of our tales on Google.
In short
- Polymarket has filed U.S. trademark purposes for POLY and $POLY tied to digital token and crypto buying and selling companies.
- Executives beforehand confirmed plans to Decrypt for a POLY token and a potential airdrop centered on “true utility.”
- The transfer comes as Polymarket faces recent authorized challenges, with merchants seeing low odds of a token launch earlier than Might.
Polymarket has filed trademark purposes for "POLY" and "$POLY" with the U.S. Patent and Trademark Workplace, signaling concrete steps towards launching its long-anticipated native token, even because the prediction market faces mounting regulatory challenges.
The filings, submitted Thursday by Polymarket's dad or mum firm Blockratize Inc., cowl trademark safety for “cryptocurrency companies, monetary buying and selling platforms, and blockchain-based fee methods.”
Each purposes describe companies for "offering a digital foreign money or digital token to be used by members of an on-line neighborhood through a world pc community" and checklist cryptocurrency buying and selling, monetary alternate companies, and portfolio administration amongst their meant makes use of.
Polymarket’s token plans
The trademark purposes provide the primary formal public paper path tied to Polymarket’s token plans.
Polymarket CMO Matthew Modabber confirmed plans for a POLY token and airdrop in October, telling Degenz Dwell, a present from Decrypt's sister firm, Rug Radio, that the corporate needs the token to have "true utility" and "longevity."
CEO Shayne Coplan teased the token in October by tweeting a "POLY" ticker alongside Bitcoin, Ethereum, Solana, and BNB.
$BTC$ETH$BNB$SOL$POLY 🤔 https://t.co/HmMobU6nBh
— Shayne Coplan 🦅 (@shayne_coplan) October 8, 2025
Sources acquainted with the matter beforehand advised Decrypt that Polymarket doesn’t plan to launch its token till it has regained a foothold within the U.S. market.
The corporate moved nearer to that purpose in November, when it obtained CFTC approval to function domestically, almost 4 years after paying a $1.4 million tremendous and exiting the U.S. market.
On prediction market Myriad, owned by Decrypt’s dad or mum firm Dastan, customers place only a 30% likelihood on Polymarket asserting its token earlier than Might.
Prediction markets face challenges
The trademark filings come at a crucial juncture for Polymarket because it treads by means of U.S. market reentry whereas dealing with state-level authorized challenges that threaten its core enterprise mannequin.
However the path ahead has grown extra difficult as, most not too long ago, the Nevada state court docket issued a short lived restraining order blocking Polymarket from providing event-based contracts within the state, discovering its actions doubtless violate Nevada gaming regulation.
The platform subsequently eliminated the case to federal court docket, claiming the state motion conflicts with federal regulation, based on Daniel Wallach, founder and principal of Wallach Authorized LLC, a regulation agency specializing in sports activities wagering and gaming regulation.
The trademark purposes await examination by the USPTO. Polymarket didn’t instantly reply to requests for remark.
