Polymarket and Kalshi to Offer Perpetual Nvidia Futures with 10× Leverage
Polymarket will let users trade perpetual futures on Nvidia shares with at least 10× leverage and no expiry, and rival Kalshi is planning a similar launch. These perpetual contracts, using funding rates for 24/7 trading, mark both platforms’ expansion beyond simple prediction markets into deeper derivatives offerings.
1. Expansion into Perpetual Futures
Polymarket announced users will soon trade perpetual futures on Nvidia shares with at least 10× leverage, removing expiry dates and using funding rates to balance longs and shorts. Kalshi is preparing a matching offering for U.S. customers, extending both platforms beyond simple event bets into continuous derivatives trading.
2. Impact on Nvidia Trading Dynamics
Introducing perpetual futures could increase trading volume and intraday volatility for Nvidia stock by attracting leveraged retail and institutional participants. Round-the-clock access may also shift some trading activity away from traditional exchanges and CME Group contracts.
3. Competitive Landscape in Derivatives
This push follows CME Group’s own move into event contracts and Hyperliquid’s $148 billion monthly derivatives volume, underlining rising competition in nontraditional derivatives venues. Both Polymarket and Kalshi leverage existing CFTC-registered frameworks to offer futures and options, now layered with perpetual products.