Kalshi Unveils Gold and Silver Perpetual Futures Contracts for Continuous Trading
Kalshi has filed with the Commodity Futures Trading Commission to launch two new perpetual futures contracts, GOLDPERP and SILVERPERP. The prediction market plans to list these contracts on September 9, which settle in cash and have no expiration date.
The gold perpetual contract tracks the spot price of one troy ounce, while traders hold a single position instead of rolling between dated contracts. Kalshi has set the reference price through Pyth Network, ensuring that settlement stays entirely in cash with no physical metal changing hands.
A periodic funding payment keeps the contract price near the spot rate, which Kalshi says can cut roll costs and basis risk for hedgers. Fabricators, bullion desks, and producers may benefit most from continuous exposure to the gold market.