Futures
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Gold
One platform for global traditional assets
Options
Hot
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Launch
CandyDrop
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Launchpool
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Alpha Points
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Kalshi and Polymarket Announce Launch of Perpetual Contract Trading, Possibly to Compete with Hyperliquid's Prediction Market Business
Prediction market platforms Kalshi and Polymarket announced on the same day their entry into perpetual contract trading, with underlying assets including gold, major US tech stocks, and Bitcoin, marking an expansion of their prediction market business boundaries. Analysts suggest that the launch of perpetual contracts by both platforms is aimed at competing with cryptocurrency trading platforms. However, there is a belief that perpetual contracts are no longer exclusive to cryptocurrency trading; they are a new trading type that traditional financial markets and Generation Z players are beginning to embrace. The two prediction markets seem to be particularly focused on competing with Hyperliquid, especially with the upcoming launch of HIP-4, which will venture into the prediction market space. Given Hyperliquid’s current scale and momentum, Polymarket and Kalshi may be taking proactive measures.