Polymarket has filed U.S. trademark applications for “POLY” and “$POLY,” signaling concrete progress toward launching a native token. The filings, made by parent company Blockratize Inc., cover cryptocurrency trading and financial services. This move follows executives’ prior confirmation of a token plan focused on “true utility” and comes as the prediction market navigates a return to the U.S. under CFTC approval while facing a new legal challenge in Nevada. Traders on prediction markets currently see low odds of a token announcement before May.
Polymarket has filed trademark applications for “POLY” and “$POLY” with the U.S. Patent and Trademark Office. The applications seek protection for digital token services and cryptocurrency trading platforms.
This provides the first formal paper trail for the platform’s long-anticipated token. Executives had previously confirmed plans for a POLY token and a potential airdrop to Decrypt‘s sister company.
Polymarket CMO Matthew Modabber stated the company wants the token to have “true utility” and “longevity.” CEO Shayne Coplan also teased the token in a social media post last October.
Sources indicated the launch would likely wait until the company regained a U.S. foothold. It moved toward that goal in November by receiving CFTC approval to operate domestically.
The platform had exited the U.S. market nearly four years earlier after paying a $1.4 million fine. On the prediction market Myriad, traders place only a 30% chance on an announcement before May.
The trademark filings arrive amid fresh legal pressures for the company. A Nevada state court recently issued a temporary order blocking Polymarket from offering event contracts in the state.
Polymarket has since moved the case to federal court, claiming a conflict with federal law. This was according to gaming law expert Daniel Wallach.
The trademark applications now await examination by the USPTO. Polymarket did not immediately respond to requests for comment on the filings.
