Commodities
Kalshi Launches First Perpetuals Trading on Gold and Silver in America
Kalshi, a prediction markets operator, has launched 24/7 perpetuals trading on gold and silver. This move comes after receiving regulatory approval from the CFTC.
The introduction of these perpetuals is significant because they are the first of their kind in America. Kalshi claims that this product offering solves a problem in the traditional futures market, which was designed with physical deliveries of wheat and corn in mind.
Traditional futures have several drawbacks, including costly rollover fees, high management fees for ETFs, and the expense of physically purchasing precious metals. Perpetuals, on the other hand, concentrate liquidity in one contract, are cheap, trade 24/7, and eliminate unnecessary fees.