Kalshi tests leveraged perpetual futures and crypto products in demos
Kalshi has launched a demo for leveraged perpetual futures, a departure from its core event-contract business, according to a May 19 Yahoo Finance report. The platform has not said whether the perpetual futures are a first step toward broader leveraged trading. A hidden API and margin demo surfaced by News.bitcoin.com on May 21 indicate Kalshi is also developing leveraged crypto products. The Bitcoin.com report offered no launch date, regulatory status, or executive comment on the product roadmap. Kalshi is known for CFTC-regulated event contracts and has been expanding into sports markets amid falling volume.
Robinhood accounts for the majority of Kalshi's volume. Any shift to leveraged products would require fresh clearing agreements or risk fracturing the single-broker flow that already drove a 49.5% volume plunge when sports calendars went light.
Becomes the third major product strain Kalshi has quietly tested this month alongside its core event contracts and sports verticals, as the exchange races to match Polymarket's crypto and AI-listing expansions.