Kalshi Plans Permanent Futures for Gold, Forex, and Energy, Final Talks with Regulators
Expanding Permanent Futures to Traditional Assets Following Cryptocurrency
The prediction market platform Kalshi is in the final stages of discussions with U.S. regulators to offer permanent futures linked to gold, foreign exchange, and energy.
If approved, the company's permanent futures business will expand from cryptocurrencies to traditional asset markets.
Gold as a Priority Candidate, with Forex and Energy Under Consideration
Permanent futures are derivative products that do not have a set expiration date, unlike typical futures contracts, allowing traders to hold positions without rolling them over to a new expiration.
Kalshi launched permanent futures for cryptocurrencies in May, compliant with U.S. regulations, and the trading volume for related products has already reached approximately $16.1 billion (about 2.6 trillion yen). This plan aims to extend this mechanism to traditional assets such as gold, foreign exchange, and energy.
According to Udesh Jha, the company's Chief Risk Officer, the priority for product rollout is determined based on customer demand. Gold, in particular, has garnered interest from both retail and institutional investors, positioning it as a strong candidate.
Foreign exchange and energy are also being considered as areas with trading demand likely to arise from geopolitical events and seasonal market trends. Kalshi is also looking to offer permanent futures linked to stock indices and individual stocks in the future.
Competition with Robinhood Intensifies as Regulatory Market Grows
Kalshi's business expansion may further intensify competition with Robinhood, which is strengthening its multi-asset derivatives business.
Robinhood has launched multi-asset permanent futures that allow trading of cryptocurrencies, commodities, stock indices, and foreign exchange through a single collateral pool via Bitstamp. It is also reportedly preparing to expand permanent futures in the U.S., contingent upon regulatory approval.
By broadening its focus to gold, foreign exchange, and energy, Kalshi aims to capture trading demand across multiple assets, not limited to cryptocurrencies. If both companies' plans are approved, competition in the permanent futures market offered under U.S. regulation could intensify across commodities, currencies, stocks, and cryptocurrencies.
Meanwhile, there has been pushback from existing exchanges regarding permanent futures. CME Group criticized the approval of permanent futures for cryptocurrencies by Kalshi and Coinbase, and has sued the CFTC (Commodity Futures Trading Commission) over permanent futures for retail investors.
The CFTC is currently continuing its review of permanent futures, including those related to energy products. Whether Kalshi's new products are approved could significantly influence the competitive landscape of the permanent futures market in the U.S.
Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.
You may also like

Moving Assets Should Be Effortless: WEEX Rebuilds the Withdrawal Experience From the Ground Up

Evernorth expands into Japan as $1B XRP treasury plan moves forward

How Blockchain Will Transform Global Finance: Latest Cases from Three Mega Banks at WebX2026

Unlocking 20%, $125 Million Pressure: Can PUMP Withstand It?

Delphi Ventures' Predictions for the Next Decade: AI/Automation, Global Multipolarity, and Aging Population Reshaping the World

Ethereum Foundation's AI Agent Discovers Protocol Code Bug During Testing

Apple Sues OpenAI: 400 Former Employees and AI Hardware Dispute

Cerebras CEO Interview: With $25 Billion in Backlogged Orders, AI Computing Demand is Already Fully Booked

The AI Möbius Strip and Japan's Path Forward: Simplex's Kaneko Discusses Strategies for the Web3 Era at WebX 2026

Hyundai Introduces Stablecoin for Global Treasury Management

Hedera-based DeFi 'Bonzo Lend' Loses $9 Million Due to Oracle Vulnerability

Will the ‘Big Player’ GPIF Return to Japan? Expectations for a Triple Rally in Yen, Bonds, and Stocks

Behind the Scenes of Taiwan's New Crypto Law: A Dialogue between Audrey Tang and Ju-Chun Ko at WebX2026

Bitget UEX Daily Report | Tensions in the Strait of Hormuz Drive Up Oil Prices; SK Hynix Predicts Continued Storage Shortage by 2030; Bitcoin Fluctuates Around $64,000

Valued at $1 Billion, Nvidia Makes a Big Bet! Is Prime Intellect Shedding Its Web3 Label?

Chairman Michael Saylor Posts Bitcoin Acquisition Chart: What's Next?

Important News from Last Night and This Morning (July 12 - July 13)

War is a Short-Term Variable, AI is a Long-Term Driver: Wall Street Focuses on Earnings Season

MARA to Acquire Large Tract of Land in Texas for Up to $600 Million to Expand AI and Mining Infrastructure

Over 2 Billion Yen May Have Flowed Out from Early Solana Whales, Awakening After 5 Years

SEC Sets the Stage: The 'American ID' for Crypto Projects is Coming

Modular Blockchain Explained: Deconstructing Traditional Monolithic Chains and Redefining the Web3 Architecture

Robinhood's Half-Year RWA Drama Opens with a Cat

The Unending Global Crisis: How Should We Invest? - WSJ

Porto Sudeste: The $5 Billion M&A Attracting BlackRock and Vale

SLC Agrícola Reduces Land Purchase and Eases Cash Pressure

Pakistan seeks crypto dialogue after scholar rejects USDT payments

Crypto in Agriculture: Financial Sovereignty Triumphs Over Banking Bureaucracy

How to Make Product Ads With AI for TikTok and YouTube—For (Almost) Free










