By Dean Seal
Kalshi has launched the country's first perpetual futures contracts, which will give U.S. investors access to crypto trading on the prediction market's platform.
The company said Friday that the Commodity Futures Trading Commission has given its blessing for Kalshi to offer perpetuals, a type of crypto-native futures contract that doesn't expire and allows investors to bet on whether the price of an asset will go up or down.
Perpetuals trading overseas has grown to over $90 trillion in volume last year from $28 trillion in 2023, according to Kalshi. The market was previously closed off to U.S. institutions.
"This marks Kalshi's evolution from prediction market leader to next-gen derivatives exchange," Chief Executive Tarek Mansour said. He adds that regulated perpetuals trading in the U.S. will improve capital allocation and risk management for U.S. businesses.
Kalshi is looking to offer perpetuals on more than a dozen cryptocurrencies, pending regulatory review, the company said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
05-29-26 1133ET
