Kalshi Seeks Approval for Gold, Silver, Platinum Perpetuals

Kalshi, a regulated US venue that allows trading of crypto perpetual futures, is seeking approval to expand its offerings beyond cryptocurrencies. The company has filed applications with the Commodity Futures Trading Commission (CFTC) to offer perpetual contracts tied to gold, silver, and platinum.

The contracts would have no expiration date, allowing traders to maintain exposure without regularly rolling positions into new futures contracts. Kalshi plans to initially offer trading 24 hours a day from Monday through Friday, matching the operating hours of the underlying precious metals markets.

Kalshi's decision comes as traditional exchanges respond to growing demand for extended trading hours. The company's Chief Risk Officer, Udesh Jha, said that perpetual contracts could provide lower costs and additional tools for managing risk.