Kalshi introduces 24/7 gold and silver 'Perps' trading

Kalshi has started offering gold and silver perpetual futures to U.S. traders after getting clearance from the Commodity Futures Trading Commission.

The move gives the company another business line outside prediction markets and puts precious metals into the same contract structure already popular with crypto traders. Kalshi filed the request in July. The CFTC, which oversees derivatives markets, approved it this week, and the contracts went live on Thursday through Kalshi’s website.

The company entered the perp market through crypto first. Regulators cleared those products in late May, bringing a market that handled about $90 trillion in yearly volume during 2025 into a regulated U.S. venue for the first time.

Kalshi says its crypto perps have since reached $44 billion in notional volume, based on figures published on its platform.

Udesh Jha, chief risk officer at Kalshi Klear, the company’s clearing house, said trader demand made metals the next target. “Metals, especially gold and silver, have a story to tell because of inflation,” Udesh said.

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