Polymarket unlikely to launch token this year

Source
JH Kim

Summary

  • Polymarket said it has plans to launch a token, but that a launch this year is unlikely.
  • Polymarket said it plans to launch the token after building a presence in the U.S. market led by competitor Kalshi.
  • It said investors should be aware of the timing uncertainty since the token launch timing may be delayed.

On the 10th (local time), according to crypto asset (cryptocurrency) specialist media Decrypt, the decentralized prediction market Polymarket has plans to launch a token, but it is reported that the likelihood of a launch within this year is low.

An anonymous source said Polymarket plans to launch the token only after it has established a foothold in the U.S. market led by competitor Kalshi.

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JH Kim

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