Kalshi Launches Gold and Silver Perpetual Contracts in the U.S.
Kalshi has launched the first U.S.-regulated perpetual contracts for gold and silver following CFTC approval. This expansion into precious metals challenges traditional futures exchanges like CME and Cboe.
Why it matters
Represents a significant shift in financial market structure and regulatory acceptance of new derivative products in the U.S.
Kalshi disclosed that it has launched perpetual contracts linked to gold and silver, with the products receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) this week. This marks Kalshi’s expansion of perpetual contracts into the precious metals market, following its earlier introduction of crypto perpetual contracts.
The first non-crypto perpetual contract has been approved.
Kalshi previously received approval in late May to launch perpetual contracts linked to crypto assets. The company stated that since launch, the cumulative notional trading volume of these contracts has reached $44 billion.
The gold and silver perpetual contracts, initially submitted in July and approved by the CFTC this week, officially launched on Thursday. According to Kalshi, this marks the first time in the U.S. that such perpetual contract products tied to non-crypto assets have been approved.
The platform continues to expand its contract offerings.
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