Kalshi eyes crypto expansion with perpetual futures

Prediction market platform Kalshi is reportedly planning to enter the cryptocurrency trading space, with an initial focus on offering perpetual futures. This strategic move would position Kalshi, which holds CFTC licenses, in direct competition with major exchanges like Binance and Hyperliquid, as well as U.S. platforms such as Coinbase. The expansion into perpetual futures, a popular but often offshore-traded derivative product, aligns with recent signals from CFTC Chairman Michael Selig indicating potential U.S. approval for such instruments.