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Kalshi and Polymarket to Launch Perpetual Futures

Kalshi and Polymarket to Launch Perpetual Futures

Kalshi and Polymarket to launch perpetual futures on cryptocurrencies.

Prediction platforms Kalshi and Polymarket have announced the launch of perpetual futures on cryptocurrencies. These new instruments will allow users to trade with leverage.

According to The Information, Kalshi will introduce the product in the coming weeks. Initially, users will be offered contracts on Bitcoin and other digital assets, with plans to later expand the range to include commodities.

The platform will accept US dollars as collateral and plans to implement stablecoins in the second quarter. Last month, Kalshi obtained a license for margin trading in the US, reports The Information.

Polymarket confirmed the launch of a similar service on its social media. The company released a video showcasing the interface for futures on crypto assets, stocks, and commodities.

The platform has opened a waiting list—the tool will be available on the international version of the exchange, which operates outside US jurisdiction.

Perpetual futures do not have an expiration date and are popular in the crypto industry. CFTC Chairman Michael Selig previously urged officials to quickly establish clear rules for prediction markets. 

In April, Bernstein analysts suggested that by 2030, the total turnover of prediction markets could reach $1 trillion. 

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