Polymarket · S&P 500 · Bitcoin · Ethereum · Decrypt
Polymarket Rolls out Crypto Perpetual Futures With Up to 20x Leverage
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Polymarket, the prediction market platform that rose to fame during the 2024 presidential election, opened its perpetual futures product to traders on September 3, extending a platform built around yes-or-no election and sports bets into leveraged derivatives.
Key facts
- The new offering, called Perps, launched with an initial 10 markets—Bitcoin, Ethereum, Solana, HYPE, gold, silver, WTI oil, the S&P 500, the Nasdaq 100 and a contract tracking SpaceX shares—before
- That split followed Polymarket's 2022 settlement with the CFTC, which fined the company $1.4 million and ordered it to wind down noncompliant contracts after finding it had run an unregistered swaps
- Polymarket's documentation caps crypto, the S&P 500, oil, gold, and silver at 20x, while individual stocks and other real-world assets—Tesla, Nvidia, Apple and Coinbase among 36 listed equities—max
- Perpetual futures work nothing like Polymarket's usual contracts, which settle at $1 or zero once an event resolves
Summary
Polymarket launched Polymarket Perps on September 3 with an initial slate of 10 markets that expanded to 67 within hours, spanning crypto, stocks, indices and commodities with leverage up to 20x and no contract expiration. Leverage caps vary by asset: crypto, the S&P 500, oil, gold and silver support up to 20x, while individual stocks and other real-world assets top out at 10x, per Polymarket's own documentation. U.S. traders can't place Perps orders and are routed instead to Polymarket US, the company's separate CFTC-regulated exchange, a split that traces back to a 2022 CFTC settlement.