Polymarket files for the POLY trademark, reveals plans to launch a token

Polymarket has filed trademark applications for “POLY” and “$POLY” with the United States Patent and Trademark Office, signaling a clear intention to launch its native token amid this prediction platform facing numerous new legal challenges.

The filings by the parent company Blockratize Inc. include services related to digital tokens, crypto trading, financial platforms, and blockchain-based payment systems. The described content suggests that POLY could be used for crypto transactions, exchange services, and portfolio management.

Previously, Polymarket’s leadership confirmed plans to issue the POLY token and the possibility of an airdrop, emphasizing “real utility” and long-term value. However, according to some sources, Polymarket does not intend to release the token until it re-establishes a solid position in the U.S. market.

The trademark registration move comes shortly after Polymarket was approved by the CFTC to resume operations in the U.S., but it also faces state-level lawsuits, the latest being a temporary ban in Nevada on event-based prediction contracts. In prediction markets, traders currently estimate only about a 30% chance that Polymarket will announce a token before May.