Kalshi Launches Pro Platform With Perpetual Futures Trading
Kalshi's new 'Pro' product targets power users trading across multiple markets simultaneously, adding perpetual futures to its event-contracts platform.
Prediction market platform Kalshi launched a new product tier called 'Pro' on Wednesday, targeting its most active traders who simultaneously manage positions across multiple markets, according to an internal memo provided to CNBC. The upgrade introduces perpetual futures, a derivative instrument that allows traders to hold positions indefinitely without an expiration date — a feature common in crypto markets but novel for a regulated US prediction market operator.
The move signals Kalshi's ambition to compete for sophisticated retail and institutional traders who have long sought more complex financial tools within the event-contracts space. The Pro platform is specifically engineered to address friction points the company's heaviest users have encountered, suggesting Kalshi gathered direct feedback from its power-user base before building the product.
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Perpetual futures represent a meaningful product expansion for Kalshi, which built its reputation on binary yes/no event contracts tied to real-world outcomes — from economic indicators to political elections. Adding an instrument without a settlement date broadens the range of strategies traders can execute, including longer-horizon hedges and speculative positions that don't require constant contract rollovers.
The launch comes as prediction markets broadly have seen surging mainstream interest following high-profile trading volumes around recent US election cycles. Kalshi, which holds a Commodity Futures Trading Commission designation, is positioning the Pro tier as infrastructure for traders whose activity has outgrown the platform's standard interface rather than as a product aimed at casual users.
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