Kalshi files for gold and silver perpetual futures

Kalshi has moved to extend its perpetual futures lineup beyond cryptocurrency into precious metals, filing contracts tied to gold and silver prices with the Commodity Futures Trading Commission. The company, a prediction market operator that has rapidly expanded into regulated derivatives, submitted applications on September 9 for two products named GOLDPERP and SILVERPERP through the CFTC's Regulation 40.2a self-certification pathway, which allows a registered exchange to list a new product by attesting it complies with the Commodity Exchange Act without a formal commission vote. According to the filings, each contract tracks the U.S. dollar spot price of one troy ounce of gold or silver, settles entirely in cash, and involves no physical delivery. Traders cannot demand bars or coins from Kalshi when closing a position. Unlike traditional futures, the contracts carry no expiration dates. A funding rate mechanism keeps traded prices aligned with the underlying spot market, with long and short position holders paying one another depending on how the contract trades relative to its benchmark.