Kalshi Launches Perpetual Futures for Gold and Silver with CFTC Approval
Kalshi has launched perpetual futures contracts (perps) on gold and silver after receiving approval from the Commodity Futures Trading Commission. This marks an expansion of its offerings beyond cryptocurrency perps, which were approved in late May. The new markets debuted on Thursday, reflecting strong demand for precious metals amid inflationary concerns. The company reported $400 million in trading volume across commodity-related contracts within seven months—half the time it took crypto event contracts to reach a similar level. Kalshi is also pursuing approvals for perps tied to U.S. equities, copper, and currencies this month. The introduction of regulated perpetual futures has raised concerns among traditional exchanges like CBOE and CME Group, with the latter suing the CFTC over its approval process. Udesh Jha, Kalshi Klear’s chief risk officer, emphasized that regulation and proper risk controls are key to their success compared to unregulated platforms. The move underscores Kalshi's strategy to diversify into traditional commodities while maintaining a regulated framework.
Topics: commodities futures Kalshi precious metals