tech
Kalshi is moving beyond prediction markets and into one of crypto's biggest trading lanes
Kalshi said offshore perpetuals grew from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025.
TL;DR
- 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.