Polymarket, a blockchain-based prediction market platform, has hinted toward launching a native token with its latest filing to the U.S. Securities and Exchange Commission (SEC). The move has set the crypto community abuzz amid growing attention of prediction markets.
As noted by X user Predict Trader, Blockratize Inc., the parent company of Polymarket, added a latest category of “Option, Warrant or Other Right to Acquire Another Security” to its Form D filing. This addition to its Securities Offering field suggests that the prediction platform is planning to launch its own token. In its early filings, Blockratize Inc. only reported equity and warrants.
The X post also notes that a similar approach was taken by decentralized exchange dYdX when it planned to launch the DYDX token. The filings are usually amended before three to six months of the planned token release, suggesting Polymarket could be eyeing to reveal its token in the first quarter of 2026.
Polymarket is actively engaged in a fundraising effort, with public data indicating that the firm has already raised $135 million of a $257 million round begun in July, 2025. This brings their cumulative fundraising to approximately $382 million, with a potential total of $500 million if the current round is fully subscribed.
A recent report by Business Insider suggested that Polymarket is eyeing a $10 billion valuation, supported by a U.S. re-entry plan and CFTC relief, hinting at a possible token launch in late 2025 or early 2026.
Polymarket was launched in 2020 and it has since accumulated millions in revenue. It currently has a total value locked (TVL) of $153 million and generates $1 billion in monthly trading volume, as per Token Terminal data. If the token is launched, chances are high that a huge airdrop will take place and active users on Polymarket will be rewarded with a notable allocation.