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Polymarket to Launch Perpetual Contracts for Leveraged Prediction Market Trading

According to CoinDesk, Kalshi is preparing to launch U.S. crypto trading with perpetual contracts after gaining margin approval, while rival Polymarket has also said it plans to enter the perpetual futures market.

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Fact Check
The strongest evidence is the Odaily item titled 'Polymarket 预告将上线永续合约功能', which directly states that Polymarket will launch perpetual contracts and that early access registration is open, while also pointing to an official Polymarket X post as its source. The SolanaFloor X post independently corroborates that Polymarket announced perpetual futures trading. Although I could not fetch the official Polymarket X post itself because of tool repeat limits, the available evidence is consistent and specific on both key points: launch of perps and early access registration. The CoinDesk X post in the provided links concerns Kalshi, so it is irrelevant rather than contradictory.
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Summary

CoinDesk reported on April 22 that Kalshi is preparing to launch crypto trading in the U.S. with perpetual contracts tied to Bitcoin and other tokens. The CFTC-licensed prediction market platform recently gained approval to offer margin trading, a step that could support the rollout of leveraged crypto products. The update also notes that rival Polymarket has said it plans to launch perpetual futures, indicating that both prediction-market platforms are moving toward crypto derivatives offerings.

Terms & Concepts
  • perpetual contracts: Crypto derivatives that do not expire, allowing traders to maintain positions continuously rather than settling on a fixed date.
  • margin trading: A trading method that uses borrowed funds to increase position size, which can amplify both gains and losses.
  • perpetual futures: Futures-style contracts without an expiry date, commonly used in crypto markets for ongoing directional exposure.