Kalshi Launches Gold, Silver Perpetual Contracts After CFTC Approval

Kalshi's move signals that regulated prediction-market infrastructure is converging with traditional commodity derivatives, a space long dominated by established futures exchanges. The approval matters because it gives a CFTC-supervised venue a precious-metals perpetual product, potentially drawing traders who want commodity exposure without leaving a regulated crypto-adjacent platform. The $400 million monthly commodity volume shows there is already demand to build on. The open question is whether perpetual-style metals contracts gain traction beyond Kalshi's existing user base or remain a niche offering.