According to the source, a social media post dated Oct 10, 2025 reported that Polymarket plans to launch a native token only after regaining a foothold in the U.S. market, with the token launch not expected until next year. According to the source timeline, this indicates no token listing or airdrop catalyst in 2025, making U.S. reentry progress the key near-term trading variable to monitor. According to the U.S. CFTC Order dated Jan 3, 2022 regarding Blockratize Inc. d/b/a Polymarket, prior enforcement over unregistered event contracts highlights that regulatory clearance is likely the gating item before any token rollout.