Kalshi Seeks to Offer Perpetual Futures for Gold, Silver, and Platinum

Kalshi, an exchange operator, is seeking regulatory approval to launch perpetual futures contracts for gold, silver, and platinum. This move follows the company's May approval from the Commodity Futures Trading Commission (CFTC) to introduce the first perpetual futures contracts in the United States, which were tied to cryptocurrency prices.

The proposed contracts would allow traders to speculate on the future price of these precious metals without an expiration date, a feature common in cryptocurrency markets but less so for traditional commodities. The Commodity Futures Trading Commission, which oversees futures trading in the U.S., must approve Kalshi's request before the contracts can be offered to users.