I don’t think Polymarket perps should be skipped You can skip random perp launches. You probably should not skip perps from the prediction market app backed by Founders Fund and ICE, the parent company of NYSE. Polymarket raised ~$200M led by Founders Fund at a $1B valuation in 2025. ICE later agreed to invest up to $2B at around an $8B valuation. Now there are talks about another ~$400M raise at a ~$15B valuation. This is not some random perp venue spinning up a referral campaign. Perps beta went live for select users at the end of May. Access is still code / waitlist based, not fully public. The product is early, but already tradable. There are 10 markets now: BTC, ETH, SOL, HYPE, S&P 500, Nasdaq, Gold, Silver, Oil, SPCX Most markets are up to 20x leverage. SPCX is 10x. Fees are competitive: > 0.02% taker > 0.005% maker rebate The books also look tighter than I expected for a gated beta. From the live orderbook: > BTC spread: $1 > SOL spread: $0.001 > SILVER spread: $0.001 > GOLD spread: $0.1 Current embedded market data shows around: ~$158M 24h perp volume ~$22M open interest $10 minimum notional up to $100k market order size on most markets up to $500k limit order size on most markets HYPE was just added while I was writing this, so the market list is already expanding. That is the part I care about. Polymarket’s main product is still prediction markets. That is the distribution engine. But perps give them another layer: directional trading on crypto, indices, commodities and private-market style assets like SPCX, inside the same brand people already use for event markets. No obvious points system yet. And honestly, I don’t think this is a classic points farm. The edge is not “click buttons until Season 1”. The edge is being early to a product that Polymarket clearly wants to expand before access is fully open. If there is ever a token or broader user distribution, I would rather have early perps usage in my account history than be outside waiting for the obvious announcemen Right now it is still small. 10 markets. Gated access. No public points. Limited pairs. But that is exactly why I would not ignore it. When a platform with Polymarket’s distribution, funding and brand starts adding perps, I don’t want my first reaction to be “I’ll check it later”.