Kalshi's CFTC-approved perpetual futures surpassed $1 billion in notional trading volume within a week of their launch. This rapid uptake contrasts sharply with Kalshi's original event-based prediction markets, which took approximately 40 months to reach the same notional level stablecoin-news.net. Tarek Mansour, Kalshi’s chief executive, highlighted this six-day timeline to $1 billion as evidence of the product's rapid adoption and described it as the fastest-growing in the company’s history stablecoin-news.net.
Kalshi became one of the first U.S. firms approved by the Commodity Futures Trading Commission (CFTC) on May 29 to offer regulated perpetual futures, making it the first company in American history to do so news.kalshi.com, fortune.com. Before this approval, U.S. retail traders largely accessed perpetuals through offshore exchanges, incurring counterparty and legal risks stablecoin-news.net. Kalshi aims to provide a regulated option for U.S. traders stablecoin-news.net.
The company has launched 13 CFTC-approved perpetual contracts to date. The Bitcoin perpetual contract (BTCPERP), which went live on June 3, generated over $100 million in notional volume in its first 24 hours stablecoin-news.net. Ethereum perpetual futures launched on June 4 coincentral.com, followed by XRP and Solana coincentral.com. Kalshi has also filed for additional contracts tied to Dogecoin, Shiba Inu, Stellar, and Hedera, with regulatory approvals pending coincentral.com, coincentral.com. The platform offered zero trading fees for a limited time to attract users coincentral.com.
