Polymarket readies leveraged Perps product for launch
Polymarket is preparing to launch a leveraged trading product known as Perps, according to a May 29 Reddit post in a prediction-trading community. The move would extend the crypto-native platform beyond traditional binary prediction markets into perpetual-style derivatives, which one LinkedIn user argued could drive the platform to a $100 billion market cap by generating fee income that prediction markets currently lack. The Reddit post frames leverage as one of the biggest upcoming changes for the platform. Neither post included specific product details, launch dates, trading volume data, or official Polymarket commentary.
Hyperliquid already topped Polymarket in BTC binary volume and is embedding macro predictions into perpetual-style leverage; any further delay in Polymarket's rebate program or margin workflows risks ceding derivative traders to a zero-fee competitor with oracle-free validator settlement.
Becomes Polymarket's third product expansion in two weeks, after perpetual contract testing and multi-leg sports contracts, as the platform races to match Kalshi's leveraged derivatives before the CFTC-regulated venue can consolidate post-approval momentum.