It seems unlikely that Polymarket will issue coins. After the CFTC concluded its investigation into Polymarket, Polymarket acquired QCX Exchange for a value of $112 million. By the end of 2024, they only had a total of 160 million US dollars, so it is unlikely that they would use 60% of the funds to acquire a company. So there is only one possibility, this company is very profitable. The information I received is that Polymarket's self operated MM has a high annual income, but the specific amount is unknown. After all, the monthly reward for women who enter the market is around 1M. Spend 30000 dollars a day. Official self operated MM has an absolute advantage, as those who have used its API have experienced various issues such as delayed quotes, delayed purchases, and empty orders. As for the C-round valuation of 1B, if coins can be issued, it must be an imaginative project at the 10B level. The problem is. The current situation is that acquiring a US exchange and making stablecoins is unlikely to result in issuing coins.