Kalshi Eyes Crypto Expansion Through Perpetual Futures

Kalshi, a US-based prediction-market operator regulated by the Commodity Futures Trading Commission (CFTC), is planning to introduce perpetual futures for digital assets, including Bitcoin.

According to reports, Kalshi intends to roll out perpetual futures, also known as 'perps,' on cryptocurrencies such as Bitcoin. Perpetual futures are a type of derivative that allows traders to speculate on price moves without an expiration date.

The move would mark a significant expansion of Kalshi's product slate beyond binary event contracts and signal a shift towards continuous financial markets. Regulators have signaled openness to bringing more trading volume onshore, with CFTC Chair Michael Selig indicating that these products could become available in the United States in the near future.

The introduction of perpetual futures by Kalshi would complement its existing suite and potentially broaden its appeal beyond consumers who seek event-based bets. The development comes amid a broader wave of attempts to offer perpetual-style instruments to non-US audiences, with major players expanding into non-US markets with stock- and crypto-linked perps.