Polymarket Expands into Perpetual Futures with High Leverage
- Polymarket launched its perpetual futures product, Polymarket Perps, on September 3, initially offering markets in Bitcoin, Ethereum, Solana, and others.
- The platform offers up to 20x leverage on crypto, the S&P 500, oil, gold, and silver, while individual stocks have a maximum of 10x leverage.
- U.S. traders are restricted from placing orders on Polymarket Perps and are directed to Polymarket US due to a CFTC settlement in 2022.
- The launch rapidly expanded from an initial slate of ten markets to sixty-seven within hours.
- Kalshi was the first to offer an onshore Bitcoin perpetual futures product in the U.S., approved by the CFTC in May.
Polymarket’s entry into perpetual futures marks a significant expansion beyond its traditional prediction market offerings. The new product allows for high-leverage trading across various asset classes but remains inaccessible to U.S. traders due to regulatory constraints.
This development positions Polymarket as a competitive player in the global derivatives market while adhering to regulatory requirements by restricting access for certain regions.( Source)
