Kalshi and Polymarket test perps

- Exchanges and prediction markets like Kalshi and Polymarket are rolling out crypto and event perpetual‑futures with high leverage and no expiry, aimed at continuous speculation. - Reports list perps in BTC and equities style formats, leverage ranges of 10–100×, and Hyperliquid adding prediction perps to its alpha mainnet. - Regulatory posture differs (CFTC‑regulated U.S. firms versus Asia DEXs), so market‑making and compliance choices will diverge by venue. (x.com 1) (x.com 2)