Kalshi to offer perpetual futures contracts in prediction market expansion

Kalshi just dropped a bold claim: it's about to become the first company in American history to offer perpetual futures contracts with full regulatory backing.

The prediction market platform announced Friday that it will begin offering perpetual futures — a type of derivative contract with no expiration date that's been wildly popular in offshore crypto exchanges but has never existed in a regulated US framework.

The contracts will fall under the oversight of the CFTC, the federal agency that regulates derivatives markets. That's a significant distinction. Perpetual futures have long lived in a regulatory gray zone, primarily traded on platforms outside US jurisdiction.

Kalshi has been steadily expanding its product lineup beyond simple event contracts. Bringing perps onshore — and doing it with a regulator's blessing — could reshape how American traders access these instruments.