Polymarket has introduced perpetual futures trading, moving beyond prediction markets into leveraged derivatives. The move comes as one of its major rivals, Kalshi, also explores expansion into crypto trading and perps, putting Polymarket ahead through its early launch. Competition is intensifying in both the prediction and derivatives markets as the two companies aim to drive higher trading activity and user engagement.
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Polymarket Expands Into Perpetual Futures
Polymarket has launched a perpetual futures trading platform, marking its entry into the global leveraged derivatives market, serving hundreds of millions of active traders. With this move, users can now hold positions indefinitely and choose to enter or exit trades at any time, as long as margin requirements are met.
Notably, Polymarket’s derivatives trading platform runs on the Ethereum (ETH-USD) and Polygon (MATIC-USD) blockchains and uses Circle’s (CRCL) stablecoin, USD Coin (USDC-USD), for settlement. Through this structure, the prediction market company keeps its services closely aligned with crypto-native traders and retail activity.
However, there is still no confirmation on full integration into broader cryptocurrency perpetual markets. Overall, the expansion reflects rising demand for leveraged trading products and moves Polymarket closer to derivatives-style exchanges.
Polymarket Faces Competition from Kalshi and Crypto Firms
Following Polymarket, Kalshi is also preparing to expand into crypto trading and perpetual futures. This places the private company in direct competition with Polymarket in both prediction and derivatives markets. As a result, both companies are now vying more aggressively for trading volume and active users.
Meanwhile, Robinhood (HOOD), Coinbase (COIN), and Kraken have also entered the prediction market space. Currently, the space is increasingly focused on attracting speculative retail traders, with competition also intensifying across both crypto and traditional trading platforms.
Is Polymarket on the Stock Market?
Both Polymarket and Kalshi remain privately held companies, with no stock listed on any public exchange. However, investors interested in gambling stocks can visit TipRanks’ Stocks Comparison Center to explore analysts’ Strong Buy recommendations, including Robinhood (HOOD), Flutter Entertainment (FLUT), DraftKings (DKNG), and others.
