NEW YORK, NY — May 29, 2026 — Kalshi, the next-generation financial market, today announced the launch of perpetual futures contracts, making Kalshi the first company in American history to offer perpetuals. U.S. investors will soon be able to access crypto perpetual futures on Kalshi's platform, fully regulated by the Commodity Futures Trading Commission (CFTC).
Perpetual futures are Kalshi's most significant product expansion since the introduction of event contracts and reinforce the company's position as a full-service financial exchange.
Instead of tracking prices pegged to a specific date, which introduces additional complexity, perpetuals are a form of futures contract that simply tracks whether or not the price of an asset goes up or down. Offshore perpetuals have grown from $28 trillion in annual volume in 2023 to over $90 trillion in 2025, making them one of the fastest-growing asset classes ever — and one that has been entirely closed off to American institutions until now.
"This marks Kalshi’s evolution from prediction market leader to next-gen derivatives exchange," said Tarek Mansour, CEO of Kalshi. "Onshore, safe, and regulated perps will improve capital allocation and risk management for countless American businesses."
“We've been building Kalshi toward a vision that every important question about the world should have a market,” Mansour said. “Prediction markets were the first chapter. They proved the model: people want to trade their convictions.
“Perpetual futures are the next chapter. They remove a constraint. If a prediction market is a photograph of what the world thinks right now, a perpetual is a film — continuously updated, never ending, always present.
“Like we did with prediction markets, we’ve rebuilt perps from the ground up, regulated first and institutional-grade. An American exchange, under American law, offering the most expressive financial instrument ever designed, to anyone with a view worth trading.”
Pending regulatory reviews, Kalshi aims to launch crypto perpetuals on more than a dozen currencies. Perpetual futures on agricultural commodities will not be part of Kalshi’s product offerings.
Funding rates are changed every eight hours and are visible in transaction history. A full fee schedule and product documentation are available at kalshi.com.
