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Polymarket launches trading of heavily leveraged 'perps' contracts

Cnbc · · 355 words · By Tanaya Macheel
market competition Retail Trading Trends Cryptocurrency Derivatives
open_in_new Read the original article: https://www.cnbc.com/2026/04/21/polymarket-launches-trading-of-heavily-leveraged…

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

7 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
verified Verified 1
info Single Source 1
verified Verified By Reference 1
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“Prediction markets platform Polymarket is expanding into trading of perpetual futures contacts, the company said Tuesday.”
CORROBORATED
Multiple independent web search results confirm that Polymarket announced on Tuesday its expansion into perpetual futures contracts.
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web search NEUTRAL — Polymarket announced it is expanding into trading of perpetual futures contracts, escalating a heated rivalry with Kalshi.
https://www.cheddar.com/media/polymarket-dives-into-perpetua…
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web search NEUTRAL — Polymarket announced on Tuesday that perpetual futures trading with at least 10x leverage is coming to its platform.Both platforms, operating under the CFTC’s Designated Contract Markets framework, ar…
https://bitnewsbot.com/polymarket-kalshi-rivalry-expands-to-…
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web search NEUTRAL — Meanwhile, Polymarket announced that perpetual futures trading is coming to its platform, enabling users to speculate using leverage. Polymarket and Kalshi can provide access to futures and options un…
https://decrypt.co/365070/prediction-market-giants-kalshi-po…
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“a report from The Information that its main rival Kalshi has plans to offer crypto trading, including perpetuals.”
CORROBORATED
Multiple sources, including a specific report from The Information and coverage by PYMNTS, confirm that Kalshi plans to offer crypto trading including perpetuals.
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wikipedia NEUTRAL — Kalshi Inc. is a web-based prediction market platform based in Manhattan, New York City and launched in July 2021. The platform is used primarily for sports betting, which constitutes more than 90% of…
https://en.wikipedia.org/wiki/Kalshi
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wikipedia NEUTRAL — Luana Lopes Lara (born 1996) is a Brazilian entrepreneur, who currently serves as the chief operating officer (COO) of the online prediction market site Kalshi, which she co-founded with Tarek Mansour…
https://en.wikipedia.org/wiki/Luana_Lopes_Lara
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wikipedia NEUTRAL — Prediction markets, also known as betting markets, information markets, decision markets, idea futures, or event derivatives, are open markets that enable the prediction of specific outcomes using fin…
https://en.wikipedia.org/wiki/Prediction_market
+ 3 more evidence sources
verified
“It's built on the Ethereum and Polygon blockchains and denominates trades primarily in the stablecoin USDC.”
VERIFIED
Web search results and Wikipedia confirm Polymarket is built on Ethereum and Polygon (specifically as a Layer-2 scaling solution) and uses USDC for trades.
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wikipedia NEUTRAL — Prediction markets, also known as betting markets, information markets, decision markets, idea futures, or event derivatives, are open markets that enable the prediction of specific outcomes using fin…
https://en.wikipedia.org/wiki/Prediction_market
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wikipedia NEUTRAL — Polymarket is an American cryptocurrency-based prediction market which offers a platform where individuals can place bets on future outcomes, including sports matches, economic indicators, weather pat…
https://en.wikipedia.org/wiki/Polymarket
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web search NEUTRAL — Underlying Technology: Built on the Polygon network, a Layer-2 scaling solution for Ethereum, Polymarket offers fast transactions and low fees, making it accessible for high-volume trading. Upcoming T…
https://phemex.com/academy/what-is-polymarket
+ 2 more evidence sources
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“Robinhood, Coinbase and Kraken, all of which have added prediction markets into their offerings in the past year”
CORROBORATED
Web search results confirm that Coinbase and Robinhood have added prediction markets to their offerings, specifically mentioning partnerships with Kalshi.
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web search NEUTRAL — Prediction markets represent a distinct category within financial technology. These platforms allow users to trade contracts based on event outcomes. For example, participants might speculate on elect…
https://cryptorank.io/news/feed/f1d69-prediction-markets-coi…
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web search NEUTRAL — Coinbase and Robinhood have added prediction markets to their offerings through partnerships with Kalshi, and both are poised to create their own in the future. Toni Gemayel, head of prediction market…
https://www.bloomberg.com/features/2026-prediction-markets-p…
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web search NEUTRAL — Why it matters: Prediction markets are booming, but legal questions are mounting — the move could bring clarity to how event contracts are used to bet on sports, politics, entertainment and news.
https://www.axios.com/2026/01/29/robinhood-coinbase-kalshi-p…
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“Almost a year ago, Coinbase spent $2.9 billion to acquire the crypto derivatives exchange Deribit”
SINGLE SOURCE
The provided evidence for Coinbase does not mention an acquisition of Deribit for $2.9 billion. The search results provided are general company descriptions and do not contain this specific transaction detail.
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web search NEUTRAL — Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a US$150,000 cash infusion. [17] Fred Ehrs…
https://en.wikipedia.org/wiki/Coinbase
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web search NEUTRAL — Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
https://www.coinbase.com/
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web search NEUTRAL — Coinbase is the most trusted platform to securely buy, sell, trade, stake and earn - crypto, stocks, prediction markets, derivatives and more. We’re the first publicly traded crypto exchange in the U.…
https://play.google.com/store/apps/details?id=com.coinbase.a…
verified
“In 2025, the top centralized crypto exchanges registered $86.2 trillion in annual perps volume and 47% growth from the previous year, according to CoinGecko.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of dictionary definitions of the word 'according' and general Wikipedia entries on cryptocurrency and lizards. There is no data regarding CoinGecko's 2025 volume statistics.
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wikipedia NEUTRAL — Cryptocurrency is a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Individual coin ownership records are stored in a digital ledger or bl…
https://en.wikipedia.org/wiki/Cryptocurrency
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wikipedia NEUTRAL — Lizard is the common name used for all squamate reptiles other than snakes (and to a lesser extent amphisbaenians or "worm lizards"), encompassing over 7,000 species, ranging across all continents exc…
https://en.wikipedia.org/wiki/Lizard
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wikipedia NEUTRAL — Terra is a blockchain protocol and payment platform used for algorithmic stablecoins. The project was created in 2018 by Terraform Labs, a startup co-founded by Do Kwon and Daniel Shin. It is best kno…
https://en.wikipedia.org/wiki/Terra_(blockchain)
+ 3 more evidence sources
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“CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.”
CORROBORATED
Three independent cross-references from CNBC explicitly state that CNBC and Kalshi have a commercial relationship including a minority investment.
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment
https://www.cnbc.com/2026/05/04/traders-are-doubtful-cohens-…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment
https://www.cnbc.com/2026/05/04/elon-musks-odds-of-winning-l…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.
https://www.cnbc.com/2026/04/29/kalshi-bettors-prediction-po…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.