Kalshi Eyes Commodities and FX Expansion Amid Crypto Perpetual Futures Success

Kalshi, a US-regulated exchange, is in advanced talks with the Commodity Futures Trading Commission (CFTC) to expand its non-expiring perpetual futures contracts into asset classes beyond cryptocurrencies.

The new contracts would include gold, foreign exchange (FX), and energy, building on Kalshi's success as the first US-regulated exchange to offer crypto perpetual futures.

Kalshi became a trailblazer by bringing a derivative that generated $90 trillion in offshore volume in 2025 onto regulated American soil.