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Kalshi and Polymarket perpetual futures volumes raise questions over incentive-driven liquidity
- Kalshi and Polymarket perpetual futures volumes raise questions over incentive-driven liquidity — Analysts note Kalshi bitcoin and ether perpetual futures volume runs many times open interest, which they link to market-maker incentives, while Polymarket and Hyperliquid show lower ratios. Kalshi says lower leverage and U.S. regulatory requirements also explain the difference. (Metapress)
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