TL;DR
- Polymarket filed trademark applications in the United States for “POLY” and “$POLY,” listed as live and pending since February 4 with the U.S. Patent and Trademark Office.
- The trademarks cover trading software, token-related services, and crypto trading platforms under an “intent to use” filing basis.
- Polymarket confirmed plans to launch the POLY token alongside an airdrop.
Blockratize Inc., the company behind the prediction markets platform Polymarket, filed trademark applications in the United States for the names “POLY” and “$POLY.” The filings were submitted on February 4 to the U.S. Patent and Trademark Office and are listed as live and pending after meeting the minimum filing requirements. The applications have not yet been assigned to an examining attorney.
The trademarks span several classes linked to the crypto and financial ecosystem. They include downloadable software aimed at trading in financial and cryptocurrency markets, services related to digital tokens, and software-as-a-service platforms for electronic trading and clearing operations. Each application was submitted on an “intent to use” basis, indicating that the names are not yet in commercial use.
Polymarket to Launch the POLY Token and Prepare an Airdrop
The formal filings align with Polymarket’s plans to launch a native token. In October, Chief Marketing Officer Matthew Modabber confirmed that the company intends to issue the POLY token alongside an airdrop. During the same period, founder Shayne Coplan made public references to the token project. Executives stated that the priority was focused on relaunching the application in the United States before moving forward with the token rollout.
The trademark applications do not include references to a launch date or technical details regarding the token’s structure. They also do not mention distribution mechanics, specific use cases, or economic parameters. Even so, the filings broadly cover potential services associated with a token and a trading platform linked to financial and crypto markets.
Polymarket records high levels of activity and plays a central role in prediction markets. Over the past month, the platform reported a trading volume of $7.7 billion. That level of activity places it among the largest prediction markets globally by volume.
Separately, the company strengthened its capital base and strategic agreements. In October, Polymarket received a $2 billion investment from Intercontinental Exchange, the parent company of the New York Stock Exchange. It also announced integrations and licensing deals across financial, sports, and media sectors. Partners include Google Finance, Yahoo Finance, DraftKings, and the National Hockey League.
