Kalshi and Polymarket have launched perpetual futures for cryptocurrencies, allowing leveraged trading. The platforms plan future expansions into commodities.
Kalshi and Polymarket, both key players in the prediction market space, have jointly launched perpetual futures for cryptocurrencies, enabling users to trade with leverage.
Kalshi anticipates rolling out this new offering shortly, initially featuring contracts for Bitcoin and other digital currencies, with intentions to later incorporate commodity trading.
Users will be able to utilize US dollars as collateral, while stablecoin integration is planned for the second quarter of this year. The platform recently obtained a margin trading license in the United States.
Meanwhile, Polymarket announced a similar initiative via its social media platforms, showcasing their upcoming futures trading interface for various assets, including cryptocurrencies and stocks. The company has also opened a waitlist for users interested in accessing the new tool, which will be available internationally.
These perpetual futures, popular in the cryptocurrency market due to their lack of expiration, come amid calls from regulators for clearer guidelines surrounding prediction markets. Research from Bernstein predicts that total turnover in prediction markets could potentially hit $1 trillion by 2030.
