Kalshi Seeks Regulatory Clearance for Round-the-Clock Gold and Silver Perpetual Futures

Kalshi, a prediction market operator, is expanding its derivatives lineup beyond digital assets. The company has filed applications with the Commodity Futures Trading Commission (CFTC) to offer perpetual futures tied to gold and silver that would trade around the clock without expiration dates.

The proposed contracts, designated GOLDPERP and SILVERPERP, would settle in cash and give traders continuous exposure to precious metals prices. They are designed to mirror the spot market price of one troy ounce of gold or silver denominated in U.S. dollars.

Kalshi has been aggressively building out its perpetual futures business since securing CFTC authorization for a Bitcoin perpetual in May. The company has launched 17 additional cryptocurrency perpetuals, including those tracking Ether, XRP, Solana, and Hyperliquid.