economy
Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch
A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.
TL;DR
- Kalshi's perpetual futures (perps) have achieved over $1 billion in trading volume within a week of their launch.
- Perps were launched on Wednesday and saw more than $100 million in volume in the first 24 hours.
- This asset class, with $90 trillion in annual global volume, was not previously accessible to U.S. traders.
- Kalshi received regulatory approval from the CFTC on May 29 to offer perp contracts in the U.S.
- The platform experienced high demand, with a waitlist exceeding 1 million people.
- Perpetuals are described as Kalshi's fastest-growing product and its biggest launch since prediction markets.