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Leading prediction market platforms 
Polymarket and Kalshi are both eyeing a derivatives market expansion with perpetual futures products.
What's the Scoop?
- Perpetual Expansion: Citing anonymous sources, The Information reported earlier today that Kalshi is considering an expansion into perpetual futures trading. Shortly afterwards, competitor Polymarket posted to X that it has already launched a perpetual futures product, indicating that interested users can sign up now for early access.
- Blurred Boundaries: In a statement to Bankless, a Polymarket representative framed the launch as blurring the distinctions between prediction markets and traditional trading, saying, "We've priced the future – now you can actually trade it. We're collapsing the gap between prediction markets and real trading."
- Regulatory Advantage: Unlike offshore competitors such as Binance, Kalshi and Polymarket (via subsidiary QCX) hold key U.S. regulatory approvals from the Commodity Futures Trading Commission, positioning their platforms to legally offer derivatives products to U.S. traders.
- Existing Substitutes: Polymarket and Kalshi already offer substitute products for perpetual futures that allow platform users to wager on the price movements of popular crypto asset commodities – such as BTC and ETH – primarily through binary up/down options markets and price prediction contracts.
We price the future.
— Polymarket (@Polymarket) April 21, 2026
Now you can lever it.
Perps are coming to Polymarket.
Sign up for early access 👇 pic.twitter.com/j3PRHhxv8N
