Kalshi Expands Beyond Crypto to Take On Robinhood in Derivatives Market

Kalshi, a prediction markets platform, is expanding its derivatives offering beyond cryptocurrency. The company is seeking regulatory approval to launch perpetual futures tied to real-world assets such as gold, foreign exchange, and energy.

This move has caught the attention of market watchers who see it as a potential challenge to Robinhood's expansion into multi-asset derivatives. Kalshi has already made a name for itself in the crypto perpetual futures market, becoming one of the first regulated US platforms to offer this product.

The company is targeting assets that tend to attract strong trading activity during times of economic uncertainty, such as gold and foreign exchange. Udesh Jha, Chief Risk Officer at Kalshi, noted that demand from market participants is shaping the firm's priorities.