Kalshi to offer CFTC-regulated Bitcoin perpetual futures, moving into U.S. crypto derivatives

Kalshi is preparing to introduce perpetual futures contracts tied to cryptocurrencies, with initial offerings expected to include Bitcoin. The move represents a strategic shift away from the company’s event-based prediction markets toward regulated crypto derivatives for U.S. traders ^{[1] [2] [3]}.

The company operates under CFTC regulatory oversight and has secured recent permissions related to margin trading, enabling it to offer leveraged perpetual products within the U.S. market ^{[2] [3]}.

Kalshi’s entry into crypto perpetuals creates direct competition with established platforms such as Coinbase, Crypto.com and Gemini, and follows a similar announcement from prediction-market rival Polymarket, which has also disclosed plans to expand into perpetual futures ^{[1] [2] [4]}.

Taken together, reporting indicates Kalshi’s planned perpetuals roll-out is part of a broader trend of regulated U.S. firms expanding into crypto derivatives, intensifying competition in the perpetuals market ^{[1] [4] [2] [3]}.