Polymarket launched a perpetual futures product on September 3, moving the prediction-market platform into the leveraged derivatives business it had previously left to dedicated exchanges. In a post on its official X account, the company said Polymarket Perps is live with up to 20x leverage across crypto, stocks, commodities and more, while describing the offering as carrying the deepest liquidity and lowest fees.
Perps Introduce Longs, Shorts and Funding Rates
Perpetual futures let a trader go long or short on an asset with leverage and no expiration date, and Polymarket has now bolted that structure onto its existing interface. Its product page explains that a funding rate periodically moves payments between longs and shorts to keep each contract anchored to its underlying reference price, with positions staying open as long as a trader’s margin holds.
The launch announcement did not disclose minimum margin requirements, liquidation thresholds or a complete fee schedule. Those parameters will determine how the venue compares with established crypto derivatives exchanges, and they remain the key unknowns in an otherwise straightforward product introduction.
A Single Interface Across Four Asset Classes
The market grid lists 67 live contracts spanning individual stocks such as Tesla and Nvidia, crypto assets including Bitcoin and Ethereum, major indices like the S&P 500 and Nasdaq 100, and commodities such as gold, silver and WTI oil. That breadth positions Polymarket’s perps as a general derivatives offering rather than a crypto-only venue.
The move follows a broader wave of leverage expansion, including Kraken’s recent increase of ETH/USD margin leverage to 20x. Polymarket’s distinction is a single interface that spans equities, indices and commodities alongside crypto rather than concentrating on one asset pair.
Leverage Expands the Platform’s Risk Profile
Polymarket built its audience on event contracts and reported $25.7 billion in monthly volume during the first quarter of 2026. Perpetuals add a recurring-fee product that can rival dedicated derivatives exchanges, but leverage also concentrates losses for traders and raises the stakes of any pricing, liquidation or funding-rate fault.
The company has said the service is available internationally only in jurisdictions where it is permitted by law, without yet specifying which markets are restricted. Until Polymarket publishes complete risk and eligibility terms, the launch should be treated as a new product introduction rather than a finished expansion into every geography its grid suggests.
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