Kalshi, Polymarket Expand Crypto Push With Perpetual Futures (1)

Kalshi Inc. and Polymarket are getting closer to launching new products that will take them deeper into crypto trading with so-called perpetual futures.

Kalshi plans to launch the product, tied to the prices of cryptocurrencies, in the coming weeks, according to a person familiar with the plans who was not authorized to discuss non-public information. The products will be Kalshi’s first foray beyond the event contracts it offers on its prediction markets.

Shortly after the first news reports on Kalshi’s plans, Polymarket announced on social media that it too is launching perpetuals.

“We price the future,” the company wrote in ...