Kalshi And Polymarket Enter The Crypto Race To Launch Perpetual Futures

Kalshi and Polymarket are both moving into crypto perpetual futures, with Polymarket launching first and Kalshi scheduled for April 27. Polymarket announced on X that it had launched perpetual futures letting users go long or short on prediction market outcomes around the clock, framing it as a way to trade the markets users know 24/7. Kalshi, valued at $11 billion, will launch crypto perpetual futures on April 27 in New York City under the codename "Timeless," with Bitcoin and several other cryptocurrencies expected at launch and U.S. dollars as initial collateral.