Polymarket, the decentralized prediction market, appears to be hinting at a potential token airdrop, suggesting that users might receive additional rewards on top of their winning bets.
This marks a shift for Polymarket, which previously didn’t promise a token launch despite handling billions in trading volume, especially in connection with U.S. presidential election predictions.
According to a promotional image reportedly shared with certain traders, users who reinvest their winnings into new markets may qualify for enhanced future rewards or airdrops.
Back in September, Polymarket was reportedly exploring a $50 million funding round and a possible token launch, though no specific timeline was set.
The 2024 U.S. presidential election has brought unprecedented activity to Polymarket, drawing in massive betting volumes. By election day, wagers on the election’s outcome hit $3.6 billion, and in October, the platform recorded a high user count of 235.3 million, with numbers still climbing in November.
Over the weekend, the $TRUMP memecoin, which had captivated the crypto world with its meteoric rise, faced a sharp 40% dip in value on Sunday.
The launch of Donald Trump’s memecoin, TRUMP, on the Solana blockchain is generating waves across the cryptocurrency world.
Market maker Wintermute has reported a significant 240% annual increase in activity from traditional finance firms on its over-the-counter (OTC) trading desk, signaling a shift in the crypto trading landscape.
The crypto analytics platform Santiment has highlighted potential bearish signals for several altcoins, warning that increased activity on exchanges could indicate upcoming sell-offs.