📰 【Kalshi and Polymarket Announce Simultaneous Launch of Perpetual Contract Trading, Possibly to Defend Against Hyperliquid's Prediction Market Business】

BlockBeats reports that prediction market platforms Kalshi and Polymarket announced on the same day their entry into perpetual contract trading (perp), covering assets such as gold, U.S. tech stocks, Bitcoin, and more, beginning to expand the boundaries of prediction market business. Some analysts point out that the launch of perp by these two prediction markets aims to compete with cryptocurrency trading platforms, but Rhythm believes that perp is no longer exclusively a tool for crypto trading, but a new trading method gradually accepted by traditional financial markets and Generation Z players. Both prediction markets prefer to benchmark against Hyperliquid, as HIP-4 is about to go live, and Hyperliquid will also venture into the prediction market field.
Are these old prediction market players finally getting restless? Seeing $HL 's Hyperliquid getting into prediction markets, they hurriedly launched perpetual contracts overnight in fear. Gold, U.S. stocks, Bitcoin—all brought out, afraid of being left behind by the younger generation. Honestly, this is not defense; it's panic. The traditional financial methods are outdated. Who still distinguishes prediction markets from contract trading? In the end, it's all about betting on size. Retail investors just watch the fun; don’t really think this is some new trend. Most likely, it’ll end in chaos again.

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