Kalshi Targets Established Exchanges with Equity Index Perpetual Futures

Kalshi is expanding its derivatives offerings to include perpetual futures tied to U.S. equity indexes, aiming to take on established exchanges like CME Group and Cboe Global Markets.

The company's proposed 'US500' contract would allow traders to bet on the broad U.S. stock market without owning the underlying securities or facing an expiration date.

Kalshi has been building up its derivatives business since receiving CFTC approval for crypto perpetual futures in May, and has already seen significant volume with its existing contracts.

The company's move into equity indexes could increase competitive pressure on traditional exchanges, which have historically dominated this market segment.