Kalshi is moving beyond prediction markets and into one of crypto's biggest trading lanes
Kalshi is expanding its offerings by launching perpetual futures contracts, starting with crypto. These contracts provide U.S. traders a regulated alternative to offshore platforms, allowing them to hedge price risks without managing contract expirations. The move comes as the market for perpetual futures in crypto has seen significant growth, with Kalshi aiming to differentiate itself through regulatory oversight.
- ▪Kalshi plans to launch perpetual futures contracts, beginning with crypto perpetuals.
- ▪These contracts allow U.S. traders to hedge price risks without worrying about contract expirations.
- ▪The market for offshore perpetuals has grown from $28 trillion in 2023 to over $90 trillion in 2025.
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Prediction markets giant Kalshi announced Friday it plans to launch perpetual futures contracts, starting with crypto perpetuals. They will give U.S. traders a regulated alternative to offshore platforms that have dominated this market.Perpetual futures, or "perps," are futures-style contracts with no fixed expiration date. Traders do not have to keep rolling from one dated contract into the next. Instead, the contracts are designed to track the price of the underlying asset continuously, with funding payments keeping the perp price aligned with the market.For instance, a crypto payments company or fund manager with exposure to bitcoin could use a regulated perpetual contract to hedge price risk without constantly managing contract expirations.
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