According to CoinMeta, as reported by Decrypt, the prediction market platform Polymarket launched its perpetual contract product Polymarket Perps on September 3rd. The initial batch included 10 contracts, which were quickly expanded to cover 67 markets. This product maintains a linkage with spot prices through a funding rate that is settled hourly. Cryptocurrencies and certain commodities support up to 20 times leverage, while individual stocks and other assets support up to 10 times leverage. American traders are not able to place Perps orders and must use Polymarket US which is regulated by CFTC. This arrangement stems from a settlement agreement reached between Polymarket and CFTC in 2022, when the company was fined $1.4 million for operating an unregistered swap trading facility.