Polymarket has launched Polymarket Perps, extending its election and sports prediction-market platform into leveraged perpetual futures. The product opened with 10 markets and expanded to 67 within hours, covering cryptocurrencies including Bitcoin, Ethereum and Solana; equities such as Tesla, Nvidia, Apple, Coinbase and SpaceX; indices including the S&P 500 and Nasdaq 100; and commodities including gold, silver and WTI oil. Perpetual futures have no expiration date and use hourly funding-rate payments, capped at 4% in either direction, to help keep contract prices aligned with their underlying assets. Polymarket's documentation allows up to 20x leverage for crypto, major indices, oil, gold and silver, while equities and other real-world assets are capped at 10x. The international product is unavailable to users in the United States, Canada and several other jurisdictions. U.S. traders are directed to Polymarket US, a separate CFTC-regulated exchange, after the company settled with the CFTC in 2022 for $1.4 million over an unregistered swaps facility. The launch puts Polymarket in competition with Kalshi and Hyperliquid as prediction-market and derivatives platforms expand their offerings.