Polymarket's total value locked (TVL) has soared to $230 million as of November 5, 2025, marking a significant increase of over 100% since the summer. The platform is gearing up for a potential airdrop of its POLY token, although specific details such as the date and eligibility criteria remain unconfirmed. Despite the anticipation, U.S. users are still restricted, though a waitlist hints at future expansion. Eligibility for the airdrop is expected to be linked to trading activity, platform engagement, and possession of X badges. However, analysts caution about the platform's low liquidity and potential insider influence, which could skew market odds. Polymarket's Chief Marketing Officer has indicated that the focus is on launching in the U.S. before the token release. Additionally, the platform is reportedly attracting significant investment interest, with Intercontinental Exchange (ICE) considering a $2 billion investment.