Polymarket launches Perps with 20x leverage

Polymarket has put a perpetuals product live on its platform, adding leveraged trading to a business best known for prediction markets. The company’s perps page says users can “go long or short the markets you know, with leverage up to 20x,” and lists an activation flow with referral-code or waitlist access. The move extends Polymarket beyond binary event contracts into a format more common in crypto derivatives. CNBC reported in April that Polymarket was expanding into perpetual futures trading, and the live product page now shows the offering is available under the Polymarket brand. ### What exactly did Polymarket launch? (polymarket.com) Polymarket’s live perps page describes a product for trading perpetual contracts with up to 20x leverage. The page says users can start trading by activating access, and it markets the product as a way to go long or short familiar markets. CNBC reported on April 21 that Polymarket was moving into perpetual futures, a category of derivatives that typically does not expire on a fixed date. (cnbc.com) That report said the expansion came as prediction-market rivals were also looking at adjacent trading products. ### How is this different from Polymarket’s original business? (polymarket.com) Polymarket’s core site still centers on event-driven markets such as elections, geopolitics, sports, technology releases and company outcomes. Its breaking-news and market pages continue to show contracts framed as yes-or-no probability questions tied to real-world events. Perpetuals change that user experience by introducing leverage and open-ended positioning rather than only buying and selling event shares. (cnbc.com) The company’s product language does not spell out all contract mechanics on the landing page, but the 20x figure indicates a materially higher-risk product than standard unlevered event positions. ### Why are people linking this to event markets, crypto, stocks and gold? (polymarket.com) Social posts circulated on July 8 and July 9 describing Polymarket Perps as covering events alongside crypto, stocks and gold. Polymarket’s public landing page does not enumerate those categories in the snippet available through search, but CNBC’s earlier report said the company was expanding into perpetual futures trading, and third-party coverage described the live product as spanning crypto and stock assets. (polymarket.com) Because Polymarket’s own page is the primary source here, the firm has clearly confirmed the existence of the perps product and the leverage cap. The broader asset list is better treated as partly verified unless Polymarket publishes a fuller market roster or contract documentation. ### Where does Injective fit into this story? Injective published a blog post on February 25 saying it had launched an MCP server that lets AI agents trade perpetual futures through natural-language workflows. (cnbc.com) The company said the server was live and open source, and described it as a backend for onchain derivatives execution. Injective’s agents documentation says the MCP server is compatible with tools including Claude Desktop, Cursor, LangChain and CrewAI, and its developer pages describe agent registration, market-data access and direct order placement on Injective’s on-chain order book. (polymarket.com) ### Does that mean Polymarket and Injective are directly connected? No public source reviewed here says Polymarket’s new perps product runs on Injective or uses Injective’s MCP server. (injective.com) What the two developments show, based on their separate public materials, is that leveraged onchain trading products and AI-oriented trading infrastructure are both advancing at the same time. (agents.injective.com) Polymarket’s next visible step is broader access to the perps product through its activation and waitlist flow. Injective’s next step remains on the developer side, where its MCP server, agent CLI and trading tools are already documented on its official sites. (polymarket.com)