Kalshi is moving beyond prediction markets and into one of crypto’s biggest trading lanes Kalshi, a prediction markets giant, is launching perpetual futures contracts, beginning with crypto perps, to offer U.S. traders a regulated alternative to offshore platforms. Perpetual futures, which lack a fixed expiration date and use funding payments to track underlying asset prices, are a major trading tool in crypto, with offshore volumes reaching over $90 trillion in 2025. This move positions Kalshi to capture a significant portion of this market under the supervision of the Commodity Futures Trading Commission.

• Kalshi is launching perpetual futures contracts, starting with crypto.
• This provides U.S. traders with a regulated alternative to offshore perpetuals.
• Perpetual futures have no fixed expiration date and track asset prices via funding payments.
• They are a significant trading tool in the crypto market, with high offshore volumes.
• Kalshi’s offering will be under the supervision of the Commodity Futures Trading Commission.
• Polymarket is also introducing its own perpetuals.
• Kalshi emphasizes regulation as a key differentiator.