Polymarket and Kalshi: Prediction Markets Enter the Perpetual Contract Space


【Plain Language Guide】As trading volume surpasses $23 billion in 2026, Polymarket and Kalshi are attempting to break into event-driven contracts by expanding into crypto perpetual contracts (Perps), transforming into comprehensive exchanges.
In the face of cross-industry competition from traditional players like Coinbase, this major platform is leveraging regulatory licenses and on-chain liquidity advantages to upgrade binary betting into subsequent derivatives trading, building a crypto financial landscape.
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