Kalshi, the prediction market company, has rolled out perpetual futures contracts for gold and silver after securing approval from the Commodity Futures Trading Commission (CFTC). The move adds two major commodities to the firm's expanding suite of tradable futures instruments.
The launch reflects Kalshi's effort to broaden the types of assets its users can access beyond event-based contracts, a core feature of its platform. Company executives said the new products are intended to give traders exposure to precious metals through instruments that differ from traditional futures.
What are "perps"?
Perpetual futures, commonly referred to as "perps," are derivative contracts that typically do not carry a fixed expiration date. Unlike standard futures, which settle on a predetermined date, perps are structured to remain open indefinitely, often using periodic funding payments between long and short positions to keep contract prices aligned with the underlying market.
Strategic expansion
By adding gold and silver perps, Kalshi has further diversified its offerings within the futures segment. The company said the additions follow the regulatory clearance required to list such products, and represent the latest step in its strategy to expand the range of assets available to platform participants.
Market participants will be watching how the new contracts perform and whether the introduction of commodity perps attracts a different profile of traders to Kalshi's marketplace. The launch underscores ongoing interest among trading venues in broadening derivative product lines under regulatory oversight.