Polymarket plans to issue a native token and conduct an airdrop after completing its US relaunch, Chief Marketing Officer Matthew Modabber said. The company’s stated priority is launching in the US through QCX, the CFTC-regulated exchange it acquired; the token’s timing depends on that relaunch.
The token plans are conditional on Polymarket completing its US return through its acquired exchange.
The day’s most important stories, free. One email a day.
The NBA announced agreements with Kalshi and Polymarket to establish safeguards for NBA-related prediction markets in the United States. The league also signed a memorandum of understanding with the CFTC and expanded its DraftKings agreement to cover prediction markets and nationwide promotion; the arrangements exclude the WNBA.
DraftKings chief executive Jason Robins said the company’s exchange ranked third by trading value for the week ended Oct. 18. Aldrin Research data cited in the report put its volume at $1.04 billion and market share at 3.57%.
Trading in 2026 US midterm election contracts passed $750m in notional volume by 15 October, citing CNN. That is nearly eight times the $92.4m traded on Congressional and state races in 2024. The Anti-Corruption Data Collective counts over 21,000 midterm markets across Kalshi and Polymarket and projects volume could reach $1.6bn once the races conclude.
Wagering on 2026 US midterm outcomes through Kalshi and Polymarket has exceeded USD220m, citing Reuters and Anti-Corruption Data Collective analysis. That compares with USD92m across the full 2024 congressional cycle. On Polymarket, the busiest 1% of wallets generated 70% of congressional election trading volume.
Prediction markets generated $78.2bn in notional trading volume during September. A recovery in sports trading helped push the monthly total above the previous record of $56.4bn recorded in July.