Kalshi plans crypto perpetual futures trading in U.S.

Prediction market platform Kalshi is set to launch cryptocurrency perpetual futures trading within the United States, expanding its business beyond traditional prediction markets. This move, reported by The Information, pits Kalshi against major crypto exchanges like Coinbase, Crypto.com, and Gemini, which are also vying for traders amidst declining crypto volumes. Leveraging its existing CFTC licenses and recent margin trading approval, Kalshi aims to offer these popular derivatives within a regulated U.S. framework, potentially capturing demand historically served by offshore venues.