Bybit has launched perpetual futures trading for Polymarket (POLYMARKETUSDT).
DeFi & Yields ·
Bybit has launched a pre-market perpetual contract for Polymarket, the crypto-based prediction market platform founded in 2020. The POLYMARKETUSDT contract allows traders to open leveraged positions on Polymarket's estimated valuation, with up to 10x leverage available and no trading fees during the initial phase. The underlying platform operates on Polygon, enabling trading on real-world event outcomes including elections, sports, and financial markets, and reached approximately $13–15 billion in private valuation as of September 2026.
The perpetual contract carries a fixed funding rate of 0.005% every four hours during the pre-IPO phase and operates 24/7 on Bybit's TradFi Futures Pre-IPO section. Notably, the contract does not represent equity ownership, voting rights, or dividend entitlement. Polymarket's valuation has risen sharply in recent months, climbing from approximately $8 billion following Intercontinental Exchange's announced investment of up to $2 billion in October 2025, to $9 billion in February 2026 and $12.6 billion in April 2026.
The contract's price reflects market sentiment rather than confirmed share values. Polymarket has not announced any IPO, though the platform appointed its first chief financial officer in September 2026—a former executive at four Fortune 500 companies—a step often associated with public market preparation. Bybit recommends maximum leverage of 2x–5x owing to price volatility in the contract.