Kalshi Unleashes Perpetual Futures on Gold and Silver
Kalshi, a prediction market platform, has expanded its offerings to include gold and silver perpetual futures. The company received clearance from the Commodity Futures Trading Commission (CFTC) to launch these new contracts, which are similar to traditional futures but have no expiration date.
The CFTC approved Kalshi's request in July and the contracts went live on Thursday through the platform's website. This move marks another business line for Kalshi outside of prediction markets and brings precious metals into the same contract structure popular with crypto traders.
Kalshi filed its request to offer these new contracts in July, after previously entering the perp market through crypto. Regulators cleared those products in late May, bringing a market that handled about $90 trillion in yearly volume during 2025 into a regulated U.S. venue for the first time.
The company's chief risk officer, Udesh Jha, noted that trader demand drove the decision to expand into metals. 'Metals, especially gold and silver, have a story to tell because of inflation,' he said.