Kalshi seeks CFTC nod for gold silver platinum perpetuals

The prediction market platform Kalshi has formally requested regulatory approval to launch perpetual futures contracts on gold, silver, and platinum, marking its first major push to expand its continuous trading model beyond cryptocurrency markets. The company filed the application with the Commodity Futures Trading Commission on Tuesday, July 21, 2026, seeking to offer contracts on the three precious metals that do not have fixed expiration dates.

Under the CFTC's review process, the regulator has up to 45 days to approve or reject the proposed contracts. If approved, the metals perpetuals would initially trade 24 hours a day, five days a week, aligning with the operating hours of the underlying global precious metals markets. This differs from Kalshi's existing crypto perpetuals, which trade around the clock. The company stated it would assess extending trading hours based on market demand.

Kalshi's Chief Risk Officer, Udesh Jha, previously identified gold as a target market due to strong retail demand and noted significant investor interest in foreign exchange, energy, and metals. The company is also exploring expansion into other asset classes, including equities. Since...