Polymarket Rumored to Consider Token Launch and Airdrop Rewards Amidst Trading Volume Inflation

• Polymarket, a decentralized prediction market, may launch its own token and potentially reward users.
• Traders are attempting to inflate their trading volume to increase their chances of receiving a potential airdrop.
• Polymarket raised $70 million in funding earlier this year and has seen significant growth in trading volume.
• The platform is currently illegal to use in the U.S., but users are still betting on U.S.-centric events.
• The rumored token launch may occur after the U.S. election to maintain user engagement.
• Some users are artificially inflating their trading volume to improve their chances of receiving an airdrop.

Summary :

Polymarket, a decentralized prediction market, is rumored to be considering launching its own token and potentially rewarding its users with an airdrop. While the company has not confirmed these plans, some traders are already attempting to artificially inflate their trading volume in hopes of receiving a larger airdrop reward. Polymarket recently raised $70 million in funding and has seen significant success, attracting millions of dollars in trading volume and thousands of monthly active traders. The platform's popularity has been driven by the upcoming U.S. presidential election. However, it is important to note that Polymarket is currently illegal to use in the U.S. Despite the speculation, it remains unclear when or if Polymarket will launch a token.

Sources :

- Decrypt