Shayne Coplan, founder of Polymarket, hinted on social media that the largest cryptocurrency betting platform could launch its own token, which would be called POLY. In the post on X, Coplan suggests that the Polymarket token could become one of the largest by market capitalization, surpassed only by bitcoin (BTC) , ether (ETH), BNB and solana (SOL).

After those four assets, POLY would be located, eliminating XRP from that list.

This is the Coplan post that fueled speculation about the launch of the POLY token. Source: Shane Coplan -X.

Some early signs had already sparked rumors about a Polymarket token. Following the November 2024 elections, the official Polymarket account posted a message that caught the attention of the community.

“We anticipate future drops. Users who reinvest their earnings in other markets may be eligible for larger rewards and drops in the future,” was the message that appeared on Polymarket.

In September 2025, its parent company, Blockratize, filed with the U.S. Securities and Exchange Commission (SEC) information about “other collateral” in its latest funding round, a move that fueled speculation.

It should be noted that it is still unknown what functions the POLY token might have. It could be used to place bets on the platform, enable staking functions, or even offer discounts and bonuses for winnings. But for now, these are all speculations, and there's no official confirmation from Polymarket.