Kalshi Seeks CFTC Approval for Perpetual Futures on Gold, Silver, and Platinum

Kalshi Inc. asked the CFTC to list perpetual futures on gold, silver, and platinum, per July 21 Bloomberg and FT reports. Perpetuals are derivative contracts that never expire — unlike conventional futures, which settle on fixed dates. The structure began on offshore crypto exchanges. Kalshi wants to apply it to physically-backed metals benchmarks. The CFTC has 45 days to decide.