Will Polymarket actually issue tokens? This question has been asked for a year.

In October 2025, the founder hinted at a Solana address. The CMO said on a podcast, "There will be tokens, and there will be airdrops"—and then nothing happened.

This year in February, the parent company filed a POLY trademark. In July, they hired people to work on tokenomics models. Later, the负责人 was reportedly leaving the company.

The direction is actually not hard to read: Polymarket is now moving toward building compliant financial infrastructure—acquiring licensed markets, entering the ICE strategic investment, and strengthening compliance and risk control.

Compared with issuing a governance token, partnering for an IPO and with traditional finance is clearly higher priority.

Tokens would make the structure more complicated, so they’ve been pushed further back.

But there’s also no evidence that they’ve completely abandoned it. The trademark is still there, and early-funding token warrant options are still there too.

On Predict, the market odds are more direct than any analysis:

Token issuance by the end of 2026: about 6%—almost nobody believes it

By the end of June 2027: about 30%—a few people are still betting

One more thing to clarify: the $pPOLY on Binance Wallet and PancakeSwap recently is not an official Polymarket token.

That is Paimon’s pre-IPO indirect exposure. It has no voting rights and no dividend rights—don’t mix them up.

Do you think Polymarket will issue tokens?

@Predictdotfun