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Kalshi wins approval to list perpetual futures for gold and silver in the United States

The Commodity Futures Trading Commission approved Kalshi to list perpetual futures tied to gold and silver, allowing the company to expand its trading offerings beyond prediction markets. These contracts, which have no expiration date and do not require investors to own the underlying asset, launched on the platform on Thursday. Udesh Jha, chief risk officer at Kalshi Klear, stated that the company chose to offer perpetual futures for metals due to high interest in the commodities. The administration announced that the new contracts will be the first non-crypto related perpetual futures approved by the commission. While crypto-linked perpetuals have seen significant volume, the move to include precious metals and eventually U.S. equities and industrial metals like copper is part of a broader strategy. However, some regulators and firms like Citadel Securities have expressed concerns regarding whether equity-linked perpetuals should fall under the Securities and Exchange Commission's oversight, as they may create a parallel shadow market if not properly coordinated with the underlying shares.

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