NewsHK
The crypto derivatives market has pushed further into the prediction-market vertical.
Polymarket, the platform where users place real-money wagers on elections, sports, and weather outcomes, has launched perpetual futures contracts covering 10 cryptocurrencies, with leverage available up to 20 times on assets including Bitcoin (BTC), Ethereum (ETH), and Hyperliquid (HYPE).
Leverage lets a user control a position worth more than the collateral posted. At the 20-times ceiling, each dollar gives $20 of exposure to the underlying asset, with gains and losses scaling to that multiple.
Polymarket said in a statement it will liquidate a position when adverse price movement reduces available collateral. The company also said the new contracts provide the "deepest liquidity, lowest fees" on offer.
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