Two of the largest market prediction platforms in the United States are set to enter crypto markets within days, signaling a shift in the way these platforms compete with traders.
Kalshi, a CFTC-regulated prediction market valued at $11 billion, will initiate cryptocurrency future forever on April 27 in New York City. The company teased the product under the name “Timeless” – a name that appears at the heart of the agreement: no expiration date. CEO Tarek Mansour revealed the launch date via a private LinkedIn video with a circular feature. Bitcoin and several other cryptocurrencies are expected to be launched, with US dollars as the first accepted collateral.
A few hours before the announcement went viral on crypto media on April 21, Polymarket’s partner made its own. tower, valued at $9 billion, he announced the introduction of perpetual futures trading today on X, allowing users to go long or short on market results all the time without waiting for the transaction contracts to expire. Punctuality is no accident. Polymarket prepared its products as a way to advance or shorten the markets you know 24/7, to establish its position before Kalshi on April 27.
A regular crypto contract
Full-time mechanics are different from full-time contractors. Traders can hold positions on the underlying asset without having to own a token, and the bond price keeps the contract’s value in line with the spot market.
For Kalshi, this transaction represents his first venture beyond event-based binary contracts. For Polymarket, it adds a continuous trading platform to a platform that has been operating on a conceptual basis.
Both platforms posted strong numbers heading into the competition for these products. Stock market forecasts hit a history 192 million in March 2026. Kalshi reported monthly crypto trading volume above $1 billion in March for the first time, based on user generated data from Dune Analytics. Kalshi spends more than $100 billion in annual sales, while Polymarket said that every week more than $1 billion through the first quarter of 2026.
Kalshi’s standing under the CFTC provides access to advanced designs on foreign platforms. The CFTC’s chairman said the agency wants to bring futures in the future under its supervision, a development that would favor a more regulated environment. Kalshi also plans to launch a stablecoin collateral for its permanent investments in the second phase.
NY criticizes prediction market makers
Earlier today, New York Attorney General Letitia James he announced lawsuit against Coinbase and Gemini, alleging that their market prediction platforms operate as illegal gambling services under federal law. The lawsuits allege that platforms allow betting on custom results without proper approval and may expose young users to financial risk.
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