Kalshi Approved to Launch Gold and Silver Perpetual Contracts, Seeks to Expand into US Stocks, Copper, and Forex

Odaily News: Prediction market platform Kalshi has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch gold and silver perpetual contracts on September 10. This marks the first non-crypto perpetual contract product approved by the CFTC. Kalshi was first approved to offer cryptocurrency perpetual contracts in late May of this year, and related products have since reached $44 billion in notional trading volume. Kalshi stated that gold and silver event contracts have exceeded $400 million in trading volume over the past 7 months, prompting the company to further expand its precious metals perpetual contract business. Additionally, Kalshi is also seeking to launch perpetual contracts related to US stocks, copper, and forex. (CNBC)