Kalshi files with CFTC for gold, silver and platinum perpetual futures
Kalshi filed with the Commodity Futures Trading Commission to offer perpetual futures for gold, silver, and platinum. The contracts have no expiration date and require formal CFTC approval rather than self-certification. The filing marks a push into commodity derivatives beyond Kalshi's core event-contract business. Chief Risk Officer Udesh Jha said the products aim to undercut traditional futures costs. The platform is also considering perpetual copper futures tied to AI demand.
Kalshi needs perpetual verticals outside sports and politics to survive if federal bans land on its core event-contract business. Gold and precious metals give retail traders a hedging instrument with deep natural demand, but the CME's lawsuit against the CFTC threatens to unwind the perpetual structure itself.
A court ruling against the agency could force Kalshi to re-engineer every contract mid-launch. Copper would add an AI-demand narrative that attracts speculative flow, yet the same legal uncertainty hangs over it. Traders should weigh whether these products reach market before the CME case resolves.
Expands Kalshi's perpetual futures push beyond the crypto vertical it won approval for this spring, joining gold, forex, and energy applications already in flight as the CME lawsuit challenges the product structure.