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Anndy Lian, industry influencer, highlights the emergence of prediction markets such as Polymarket and Kalshi entering the leveraged trading space.
According to Lian, these platforms announced in April that they intend to expand into perpetuals, suggesting a growing overlap between event-based betting and more traditional financial markets.
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Lian previously commented on technical concerns at DeFi platforms, stating that Hyperliquid is not a centralized exchange while noting ongoing debate about validator control. Separately, major events continue to test digital asset markets. A recent $8.5 billion Bitcoin options expiry was seen as pivotal for price stability.