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October 9, 2025cryptonews logocryptonews

Polymarket Founder, Now a Billionaire, Sparks Buzz With Native Token Tease

Shayne Coplan, the founder of Polymarket, has stirred speculation in crypto circles after hinting at the launch of a native token for the fast-growing prediction ￰1￱ an X post on Oct. 9, Coplan suggested a $POLY token could eventually rank among the largest cryptocurrencies by market ￰2￱ tease comes as Polymarket continues to gain traction as a go-to platform for betting on real-world events, from elections and sports to macroeconomic ￰3￱ Previously Teased Airdrop To Reward Active Users This is not the first time the company has hinted at a potential ￰4￱ November, Polymarket teased the prospect of a user airdrop that could reward participants who redeemed winning bets with further ￰5￱ moves have fueled expectations that a launch may not be far off. $BTC $ETH $BNB $SOL $POLY ￰0￱ — Shayne Coplan (@shayne_coplan) October 8, 2025 Meanwhile, CoinDesk reported in July that the platform had weighed either issuing its own stablecoin or striking a revenue-sharing deal with ￰6￱ options reflect Polymarket’s ambition to strengthen its business model and expand beyond traditional trading ￰7￱ Wagers Elevated Platform To Global Attention Founded in 2020, Polymarket has quickly become one of the largest crypto-native prediction ￰8￱ saw explosive growth during the 2024 US presidential election, when more than $3.6b was wagered on the ￰9￱ surge cemented its position as a unique venue for traders seeking exposure to political and cultural events through blockchain-based ￰10￱ Wednesday, Coplan revealed that Polymarket had raised $205m in two previously undisclosed funding ￰11￱ first, worth $55m, was completed in 2024 at a $350m valuation and led by Blockchain ￰12￱ second, in 2025, was far larger at $150m and led by Founders Fund, valuing the company at $1.2b.

Together, the rounds brought Polymarket’s total raised capital to nearly $279m before its recent deal with Intercontinental ￰13￱ ICE investment, worth $2b , was announced this week and propelled Coplan into the global billionaire ￰14￱ also marked one of the most significant validations of prediction markets from a major financial ￰15￱ Backing Strengthens Case For Domestic Relaunch After Four-Year Ban The billionaire milestone adds momentum to Polymarket’s preparations for a return to the US ￰16￱ firm has been restricted since 2021, when the Commodity Futures Trading Commission forced it to block American users due to regulatory ￰17￱ ICE’s backing and ongoing regulatory work, Polymarket aims to relaunch domestically after nearly four ￰18￱ Coplan, the token tease adds another layer of intrigue at a time when investor appetite for prediction markets is ￰19￱ launched, a POLY token could give users a direct stake in the platform’s success and further align incentives across its fast-growing community.

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