Polymarket Launches 20x Perpetual Futures in Major Expansion Beyond Prediction Markets

Polymarket launched its "Perps" product on September 3, introducing continuous price tracking and leveraged derivatives across 67 different markets. Leverage is capped at 20x for crypto assets, the S&P 500, oil, gold, and silver, with a 2.5% margin loss triggering liquidation. Individual equities like Tesla, Nvidia, Apple, and Coinbase are restricted to a maximum of 10x leverage. Funding rates cap at 4% per hour to anchor the perpetual contracts to spot prices. The new derivatives are completely blocked for American users, who remain routed to the separate, highly restricted Polymarket US exchange following a $1.4 million CFTC fine in 2022.