Polymarket, a decentralised prediction market platform, has launched an ultra-short-term cryptocurrency market aimed at high-risk investors. The structure has users predict whether the 5-minute Bitcoin (BTC) candle closes up or down. It offers market-maker rebates to liquidity providers to encourage participation.
Soon after the market launched, Polymarket developer and “senior intern” Mustafa Aljatery (무스타파 알자테리) told a core user, “Next is the 1-minute market and $POLY.” The comment brought renewed attention to the possibility of a Polymarket native token and an airdrop.
Polymarket also filed a trademark application for $POLY earlier this month. Polymarket has not stated an official position on whether it will issue a token or introduce a Layer2 structure.
Polymarket’s January trading volume hit a record high of about $3.4 billion. It took more than 3 years to reach a cumulative $3.4 billion, but it has now processed the same amount in a single month. Cumulative trading volume so far in 2026 stands at $4.9 billion.
Chi-gyu Hwang
delight@d-today.co.kr