- Polymarket launched perpetual contracts tied to Brent and West Texas Intermediate as part of a broader rollout spanning crypto, stocks, gold and silver.
- The contracts trade offshore, are unavailable to US-based traders and offer leverage of up to 20 times, increasing retail-risk and market-impact concerns.
- Kalshi is seeking regulatory approval for a WTI perpetual contract that would trade 24 hours a day, five days a week on a regulated US platform.
Quotes
“Polymarket has launched perpetual futures contracts tied to oil, stepping into a market that rival Kalshi Inc. is also seeking to enter as trading venues compete to offer round-the-clock access to the commodity.”
“The contracts will allow traders to use up to 20 times leverage, according to a social media post by the venue.”