Polymarket has launched offshore perpetual futures with up to 20x leverage on Brent and WTI crude, alongside 67 live markets spanning cryptocurrencies, major equities such as Tesla and Nvidia, indexes, and precious metals. Perpetual contracts have no expiry; a funding rate rebalances long and short positions to track reference prices as long as margin requirements are met. U.S. users are geo-blocked and redirected to Polymarket’s regulated domestic platform, which excludes these products. The move comes as the CFTC reviews perpetuals and 24/7 energy futures, after pausing CME’s crude proposal. Rival Kalshi plans a CFTC filing for a regulated WTI perpetual, potentially pioneering oil-linked perpetuals in the United States.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.