Polymarket is weighing a $POLY token or an IPO as its next move, Bloomberg reports, with CEO Shayne Coplan teasing an announcement ahead of TOKEN2049.
A token could reward traders and liquidity providers in ways shares can't, while an IPO fits its push into regulated US markets through QCEX and Polymarket US.
Valuation talks have reportedly jumped from $9B after ICE's 2025 investment to above $20B, with annualized revenue said to top $1B.
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