According to BlockBeats, on September 3, prediction market Polymarket officially launched its perpetual contract feature, supporting trading in cryptocurrencies, stocks, commodities, and more, with leverage up to 20x.

On July 9, 2026, Polymarket launched trading on select assets, supporting 10 assets including BTC, ETH, gold, and the S&P 500, with leverage up to 20x. Today, it officially launched perpetual futures trading, covering a wider range of assets.

According to BlockBeats, on September 3, Hyperliquid Research Collective (HRC) released a report stating that Hyperliquid's trading volume has grown rapidly since it opened up third-party permissionless deployment of the HIP-4 prediction market layer on August 29.

HIP-4's average daily trading volume in the first 28 days of August was approximately $545,000. After deployment, the daily trading volume rose to $1.97 million on August 31, and the trading volume in the last 24 hours reached $2.75 million. The number of active traders increased from 1,256 to 1,841.

The report points out that the prediction market project Outcome has become the main beneficiary, currently accounting for nearly 85% of the trading volume share of HIP-4, and its $1 million trading incentive program has further boosted liquidity growth.

HRC believes Hyperliquid's core advantage lies in its unified account system. Prediction markets share an account environment with perpetual contracts and HIP-3 assets, allowing users to hedge perpetual positions using prediction market contracts—an experience currently unavailable on platforms like Kalshi and Polymarket. The sports prediction market may represent the biggest growth potential for HIP-4. During the previous World Cup, HIP-4-related markets saw a cumulative trading volume of $189.5 million, accounting for approximately 3% of the global World Cup prediction market trading volume.

However, HRC stated that the main limitation HIP-4 currently faces is not on-chain deployment, but rather regulatory access. The US market involves regulatory frameworks such as the CFTC and SEC, and sports prediction markets are particularly likely to trigger gambling-related regulatory scrutiny. HIP-4 has proven that permissionless deployment can rapidly increase transaction volume, but whether it can further expand its market share will depend on the regulatory environment, the recovery of the sports market, and future governance votes.

According to BlockBeats, on September 2nd, the combined trading volume of Kalshi, Polymarket, and Polymarket US in August fell to $45.33 billion, a 14.5% decrease month-over-month, marking the first monthly decline since August 2025.

Kalshi's trading volume in August was $37.17 billion, a 7.3% decrease from $40.1 billion in July; Polymarket and its US platform combined had a trading volume of $8.16 billion, a 36.7% decrease from $12.89 billion in July. Despite the overall decline, August's trading volume was still significantly higher than May's $25.66 billion.

Previously, it was predicted that market trading volume would be boosted this summer by the World Cup, held from June 11 to July 19, which significantly increased market trading activity. Meanwhile, Kalshi and Polymarket are currently facing further scrutiny from US state regulators, with more than ten states taking enforcement action or filing lawsuits against the two platforms, primarily concerning sports-related contracts.

According to BlockBeats, on September 2nd, a whale account named "Likes to Go All In.eth" experienced forced liquidation of its long gold positions. This address had previously established a long GOLD position on August 31st at an average price of $4422.3, using 20x isolated margin, with a position size approaching $2 million.

During today's gold price decline, the trader proactively reduced their position by 154.20 contracts near $4311, incurring a loss of approximately $17,200. The remaining 298.05 contracts were subsequently liquidated by the system at approximately $4290.06, amounting to approximately $1,279,000, resulting in a further loss of approximately $39,400. The total loss from this round of gold trading was approximately $56,600.

As of press time, the gold position at this address has been reduced to zero, but the account has not been completely closed out: it still holds approximately $187,000 in xyz:CBRS long positions; its perpetual historical cumulative PnL is still approximately positive $308,000.

Furthermore, the wallet controlled by this address on the blockchain also corresponds to the Polymarket public account "Azen". In its very early stages, Azen bet approximately $999 that the Federal Reserve would cut interest rates by more than 50 basis points after its September meeting, ultimately achieving a profit of approximately $1890. However, this is Azen's only publicly completed transaction on Polymarket to date.

Address: 0xfe40fa3decfc6dc555f4ad7736d0dd65ccbd4743

The on-chain Perp and address analysis tool TradingBeats are now live, supporting real-time viewing of Hyperliquid data, from address tracing to whale operations, providing in-depth analysis and a complete overview.

According to BlockBeats, on September 1st, @seyong, co-founder of the social trading application platform fomo, posted on the X platform that the platform has recently experienced rapid growth, adding 30 new users per minute.

Other data shows that in the week ending August 24, the weekly transaction volume of social trading apps approached $1.3 billion. Fomo and Pump's daily active users are approaching those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.

According to BlockBeats, on September 1st, Ryan Watkins, co-founder of Syncracy Capital, stated that social trading apps will integrate market data, public trading records, discussions, and trade execution features. In the future, we may see individual traders showcasing nine-figure trading results, users with highly followed profit and loss leaderboards, and online groups managing large sums of money. The next Roaring Kitty may emerge through a social trading app.

Data shows that in the week ending August 24, the weekly transaction volume of social trading apps approached $1.3 billion. Fomo and Pump's daily active users are approaching those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.

According to a Bloomberg report on September 1st, sources familiar with the matter revealed that prediction market platform Polymarket plans to complete a $1 billion funding round, bringing its post-money valuation to $21 billion. The round was led by 1789 Capital, a venture capital firm with Donald Trump Jr. as a partner, which plans to invest approximately $300 million. A Polymarket spokesperson declined to comment.

Polymarket was valued at $15 billion when it raised funds in April, with DE Shaw and G Squared becoming new investors. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, also completed a $1.6 billion investment in Polymarket earlier this year. The new funds will be used to attract more institutional users, and Polymarket is currently seeking regulatory approval to offer margin trading in the United States.

The prediction market industry continues to face regulatory controversy, with individual states claiming regulatory authority while the platforms argue that the federal derivatives regulator should be responsible. Last week, a U.S. federal appeals court ruled in favor of state regulations. Donald Trump Jr., a partner at 1789 Capital, currently advises both Polymarket and Kalshi.