Exchanges· ★★★· neutral·

Polymarket weighs equity path against token launch

  • —Valuation rose from about $9 billion after ICE's investment to over $20 billion by August 2026
  • —Polymarket's annualized revenue run rate is reported above $1 billion
  • —Polymarket pulled in about $9.9 million in a single weekend versus $2.64 million for Hyperliquid
  • —The company acquired QCEX to operate under CFTC oversight and launched Polymarket US
Why it matters: The choice between equity and a token will determine whether crypto users get an airdrop and how the market values the largest prediction platform.
Source: Crypto Briefing
More on this
Exchanges · Sep 23
Bybit Adds PATH, CYPH and HUT Equity Perpetuals With Up to 25x Leverage
 Exchanges · yesterday
Bybit to launch mStocks with 24/7 tokenized equity trading in November
 Exchanges · Sep 30
Consensys founder: MetaMask is weighing a token launch, but no TGE planned yet