Polymarket SEC Filing Spurs Speculation on Token Offering
Posted on: September 19, 2025, 10:45h.
Last updated on: September 19, 2025, 11:02h.
- Prediction market’s latest filing includes verbiage pointing to potential token sale
- Move could be linked to company’s latest capital raise
- Polymarket is close to relaunching in the US
Polymarket’s latest filing with the Securities and Exchange Commission (SEC) sparked speculation in the cryptocurrency community that the prediction market operator could be preparing to launch a native digital token.
The filing appears to be related to the company’s June financing round in which it raised capital at a $1 billion valuation — an amount that’s soared in the span of less than 90 days. Recent reports suggest Shayne Coplan’s company is considering taking new investments at a $9 billion valuation, and that one prospective investor recently floated a term sheet valuing Polymarket at $10 billion.
The regulatory filing in question contained the phrase “other warrants,” options and rights to acquire another security — all of which in the cryptocurrency space imply the possibility of a token offering. Polymarket’s previous SEC filings only mentioned equity and traditional warrants indicating something new could be afoot in the latest document.
Polymarket, which recently landed approval to relaunch in the US, hasn’t publicly commented on the possibility of bringing a token to market, but a $70 million Series B capital raise last year stirred optimism among crypto enthusiasts that the prediction markets firm could leverage a token as part of its long-term growth plans.
Why Polymarket Token Could Be Significant
Polymarket is already heavily rooted in cryptocurrency. Event contracts on Polymarket are purchased via Polygon, which is based on the Ethereum blockchain. That’s advantageous because trades on the platform settle in mere seconds with low fees. As for the company possibly introducing its own digital asset, that would be important in its own right.
If a Polymarket token launches, it turns users into owners, likely deepens liquidity across markets, and enables new incentive design (e.g., fee shares, staking for dispute resolution, or market-maker rewards),” reports Tyler Warner for Decrypt.
In other words, Polymarket clients would expand the use case for the new token, assuming it comes to life, potentially making the digital asset more valuable in the process. That could expand the investor base for the token.
It’s not clear if the Polymarket token would be rooted in the Ethereum blockchain. There’s some unconfirmed chatter on social media that if the token is introduced, it would run on the Solana blockchain.
Token Rumors Adds to Busy Stretch for Polymarket
Speculation about a possible crypto token extends a busy stretch of headlines for Polymarket. On Monday, the company announced it is partnering with StockTwits — a popular social investing forum — to embed corporate earnings prediction markets on that platform.
Additional experiences include ‘mention markets’ tracking whether specific terms appear on earnings calls, as well as discovery features such as curated collections and watchlists that highlight upcoming earnings with live probabilities,” according to a statement. “Probabilities will be displayed directly in Stocktwits discussions, with a tap-through to Polymarket for deeper details, order books, and settlement rules.”
Last Friday, Polymarket announced it will team up with Chainlink to enhance the accuracy and speed of resolutions of the yes/no contracts offered on the exchange.
No comments yet