Summary
- Kalshi said it began trading perpetual futures tied to gold and silver after receiving approval from the U.S. Commodity Futures Trading Commission, or CFTC.
- Kalshi said precious metals, especially gold and silver, offer a compelling investment case tied to inflation.
- Kalshi also disclosed cumulative trading figures for commodity- and crypto-based prediction market contracts, as well as the status of its application to expand perpetual futures offerings.
Forecast Trend Report by Period
U.S. prediction-market platform Kalshi has launched perpetual futures tied to gold and silver prices.
CNBC reported on September 10 that Kalshi recently received approval from the U.S. Commodity Futures Trading Commission to list gold and silver perpetual futures and began trading the products that day. Kalshi had applied to the CFTC in July to launch the contracts.
Udesh Jha, chief risk officer at KalshiClear, the company's clearinghouse, said Kalshi chose gold and silver as its next perpetual futures products in response to strong investor demand for the metals. "Precious metals, especially gold and silver, have a compelling investment case tied to inflation," he said.
That demand has already shown up in Kalshi's commodity-related prediction market contracts. Cumulative trading volume in commodity-based prediction contracts tied to metals, crude oil and other assets has surpassed $400 million just seven months after launch. That is roughly half the time it took crypto-based prediction market contracts to reach the same volume.
Kalshi began offering crypto perpetual futures in the U.S. after securing CFTC approval in May. The company said cumulative notional trading volume in those products has reached $44 billion.
Separately, Kalshi applied last month for approval to launch perpetual futures based on U.S. stock indexes, copper and foreign exchange.
