A new report reveals that Polymarket has announced plans to enable trading of perpetual futures on its platform, with Kalshi also reportedly aiming for a similar move into the derivatives sector. On Tuesday, through an Xpost, Polymarket shared a video showcasing upcoming features that will permit users to leverage their bets up to 10 times on various assets—including real-world commodities like gold and silver, stocks of companies such as Nvidia and Coinbase, and cryptocurrencies like Bitcoin.
According to The Information, Kalshi is in the process of developing perpetual futures for its platform. This innovation would allow U.S. customers to engage with derivative contracts that do not expire and incorporate a funding rate to facilitate 24/7 trading.
For leading prediction-market companies like Polymarket and Kalshi, venturing into perpetual futures represents an expansion beyond traditional wagers on topics like politics, finance, and sports. This move highlights their efforts to broaden their business models. As stated in a tweet by Polymarket: “Now you can lever it. Perps are coming to Polymarket. Sign up for early access.” (April 21, 2026)
Both platforms currently offer futures and options through the CFTC’s framework for Designated Contract Markets. However, it remains uncertain whether perpetual futures will be introduced on their U.S.-focused or international platforms.
Decrypthe has reached out to both Kalshi and Polymarket for further comments. Meanwhile, CME Group, the leading derivatives marketplace globally, is aligning itself with other entities looking to capitalize on betting markets. Earlier this year, it announced plans to launch event contracts in partnership with FanDuel, America’s top online sportsbook.
The interest in perpetual futures has been notably driven by Hyperliquid, a decentralized exchange that reported facilitating $148 billion in derivatives trading last month, according to Dune analytics. In February, Hyperliquid declared its intentions to support “outcome trading” via an Xpost, aiming to create prediction markets and option-like instruments on its platform due to significant user demand.
In the crypto-native space, similar announcements have occurred previously. Following Krakendebut of CME-based futures contracts for Bitcoin and Ethereum in the U.S. last July, Coinbase announced it would offer analogous five-year contracts a week later.
Coinbase is currently facing legal challenges due to its prediction-market initiative alongside Gemini. The New York state filed lawsuits against both companies, claiming that sports- and entertainment-related wagers violated local gambling laws.