In today’s news, crypto majors remain mostly flat ahead of the FOMC meeting, with Bitcoin leading up 1% to $116,300. Binance is in talks with the US DOJ to end its compliance monitor. Bank of America reports that 67% of fund managers hold no crypto. Trump is suing the NY Times for $15M, claiming they hurt the TRUMP meme. Tether co-founder launches STBL, token soars to $1.7B FDV in debut.

The world’s biggest prediction market, Polymarket, is possibly launching a token, hinting at a stratospheric new valuation of $9B-$10B. The platform is eyeing a regulated U.S. comeback, rolling out new earnings markets with Stocktwits. Polymarket’s recent SEC filings suggest a token is in the works, stirring speculation and excitement in the market.

Polymarket has received the green light to operate prediction markets in the US, CEO Shayne Coplan confirms. The platform has seen major fundamental progress, launching new products like public-company earnings prediction markets and partnering with Stocktwits. Volumes are consistently high, reaching around $250M/week and $1B/month, setting the stage for a potential token launch.

If a Polymarket token is launched, it could turn users into owners, deepen liquidity across markets, and introduce new incentive designs. With momentum building and the potential for regulatory approval, the platform’s volumes and attention are expected to surge. The value of a Polymarket token could reach $5B-$10B upon debut, adding a new dimension to the prediction market industry.

In other news, the crypto market sees mixed movements ahead of the FOMC meeting, with Bitcoin leading at $116,300. Bank of America reports that 67% of fund managers hold no crypto. Binance is in discussions with the US DOJ to end its compliance monitor. Trump is suing the NY Times for $15B over claims of damaging his TRUMP meme coin. Santander’s Openbank activates crypto trading in Germany under MiCA, with Spain next in line.

Read more at Yahoo Finance: Polymarket Token Speculation Soars Along with $10B Valuation