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Kalshi Enters Perpetual Futures Market With Regulated Crypto Trading

Prediction markets platform Kalshi announced plans to launch perpetual futures contracts, beginning with cryptocurrency offerings. This positions the company as a regulated alternative to offshore platforms that currently dominate perpetual trading. Perpetual futures, or perps, are derivative contracts without fixed expiration dates, allowing traders to maintain continuous price exposure through automated funding payments rather than rolling contracts. The market has expanded dramatically, growing from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025. Kalshi will operate under Commodity Futures Trading Commission supervision, with funding rates charged every eight hours and displayed transparently. The platform plans to expand beyond crypto into agricultural commodities. Competitors including Polymarket are similarly pushing into 24/7 long-short trading products, signaling broader industry movement beyond traditional event-based contracts.