Kalshi and Polymarket Compete in the Crypto Perpetual Contracts Market

BroadChain has learned that at 08:30 on April 22,

　　Kalshi is planning to launch cryptocurrency perpetual contract trading in the U.S. market, initially covering mainstream tokens such as Bitcoin. The platform will leverage its existing license from the U.S. Commodity Futures Trading Commission (CFTC) and its newly approved margin trading authority to directly compete with existing trading platforms like Coinbase and Robinhood.

　　This expansion comes against the backdrop of changes in the U.S. regulatory environment, as products like perpetual contracts were previously traded primarily on offshore exchanges. Coincidentally, its competitor Polymarket also announced plans to launch perpetual contracts this Tuesday.

　　Currently, traditional cryptocurrency trading volume has declined, while prediction market activity has increased significantly. The trend of convergence between the two fields is accelerating, with platforms expanding their product lines to compete for the same group of active traders.