Polymarket is preparing to launch its own token in the future, but the company is currently prioritizing the rollout of its new US-facing application. This decision comes after securing a $2 billion funding round from Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, for a valuation of $10 billion. Chief Marketing Officer Matthew Modabber stated that focusing on the U.S. app is vital before launching a token, due to regulatory hurdles and ongoing development efforts. This app will allow US users access to Polymarket’s on-chain prediction services in a compliant environment after years of work amidst tightening U.S. oversight of crypto financial products. 2024 has seen significant growth for both Polymarket and its rival platform Kalshi, with retail users engaging in digital asset trading. This surge is attributed to increased interest in event-driven trading, bridging prediction markets and traditional financial derivatives.