Kalshi

Kalshi filed a proposal with the Commodity Futures Trading Commission on 7 October 2026 for an oil-linked futures contract tied to West Texas Intermediate that never expires and would trade 24 hours a day, five days a week, Bloomberg reported. If approved, it would be the first crude-linked perpetual future on a regulated US platform; the CFTC has 45 days to approve or disallow it, because perpetuals cannot be self-certified. The filing extends Kalshi beyond event contracts into commodity derivatives, where it would compete directly with CME, which shelved its own round-the-clock oil contract.

Source: Bloomberg

Kalshi launched a perpetual futures contract tied to its US 500 index, covering 500 of the largest U.S. companies, on Tuesday 6 October 2026, Reuters reported. The contract lets traders take long or short exposure without owning the underlying shares and follows an August 2026 regulatory filing for equity-index perpetuals. The launch opens a new product line for Kalshi in direct competition with traditional derivatives exchanges and crypto venues.

Source: Reuters

Kalshi is in advanced talks to raise about $1B from existing and new investors, including Tiger Global Management and Dragoneer Investment Group, at a valuation of about $40B, Reuters reported on Sept. 29, 2026, citing people familiar with the matter. The raise is expected to be finalized in the coming weeks and follows a $1B round in May at $22B. It would nearly double Kalshi's mark in about four months, resetting secondary pricing.

Source: Reuters

Weekly volume data published September 22, 2026 show Kalshi traded $15.27 billion in contract volume during the week of Sept 14-20, its highest week of 2026, across 85.26 million trades and $3.53 billion of execution-price USD. The week included Kalshi's first $3 billion day, $3.17 billion on Sept 20 after $2.81 billion on Sept 19; sports contributed $3.24 billion and crypto $2.16 billion, versus $188 million of crypto volume at Polymarket Global. Kalshi and Polymarket Global combined for $16.43 billion, up 16.3% week over week, so the record week is a direct read on Kalshi's fee-based revenue run-rate.

Source: DeFi Rate

On 18 September 2026 KalshiEX filed a proposed rule change with the SEC under File No. SR-KALSHIEX-2026-02 (Release No. 34-106422) adopting a new Rulebook Chapter 14 for 'Perpetual Security Futures Products', and submitted the same framework to the CFTC. The filing states the change would take effect on 2 November 2026 or later if CFTC approval slips; Coinbase Derivatives filed a companion proposal (SR-COIN-2026-002) the same day and Bitnomial, tied to Kraken parent Payward, filed SR-BTNL-2026-001. Approval would push Kalshi well beyond event contracts into US single-stock derivatives, a materially larger revenue pool.

Source: Crowdfund Insider

On September 18, 2026 Payward, Kraken's parent, said it was filing the required rules and product terms with the CFTC and SEC through Bitnomial, its US-regulated exchange and clearinghouse, to offer single-stock perpetual futures to eligible US traders. The launch set is 10 US equities including Apple, Nvidia, Tesla, Microsoft and Amazon, trading 24/5 with no expiry or rollovers. Coinbase Derivatives and Kalshi lodged competing applications dated the same day, so the filing stakes Kraken's claim to a new US equity-derivatives revenue line built on the Bitnomial licences.

Source: Crypto Briefing

Semafor reported on 15 September 2026 that the US Commerce Department ordered Kalshi to unpublish its AI-compute futures curve, a product aggregating markets on the cost of renting Nvidia chips, citing national security concerns. Commerce also pushed the CFTC to effectively freeze approval of new compute contracts for 60 days; Kalshi complied quietly while the underlying markets stayed open, and Kalshi declined to comment. Direct federal intervention against a launched product is a new political-risk channel for Kalshi's data and contract lines.

Source: Semafor

Kalshi is teaming up with The Weather Company to launch climate- and weather-related trading markets, according to a WSJ exclusive.

Source: WSJ