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- Kalshi self-certified GOLDPERP and SILVERPERP with the CFTC to launch 24/7, cash-settled gold and silver perpetual futures.
- The filings expand Kalshi’s perpetual contracts beyond cryptocurrency, utilizing Pyth Network price feeds without physical delivery.
Kalshi has notified the Commodity Futures Trading Commission that it is self-certifying perpetual futures tied to gold and silver, with GOLDPERP and SILVERPERP planned for listing on Sept. 9.
The filing matters because it would extend the U.S.-regulated platform’s perpetual futures lineup beyond crypto and further test how far Kalshi can push continuous, cash-settled contracts under the current CFTC framework. According to the source material, the filings were made under CFTC Regulation 40.2(a).
Kalshi said both contracts would be cash-settled, have no expiration date, and trade on a 24/7 continuous basis, with no scheduled daily, weekend, or holiday close. The company also said there would be no physical delivery of metal.
For pricing, the filing says the contracts would use Pyth Network as the reference source. Kalshi said the gold product tracks the spot price of one troy ounce of gold in U.S. dollars, while the silver product tracks the silver spot price.
The filing expands Kalshi’s perp strategy beyond crypto
The metals filing follows the CFTC’s approval in May of Kalshi’s Bitcoin perpetual, which the source describes as the first such product in the U.S. Since then, Kalshi has expanded to 18 crypto assets, including Ethereum, XRP, Hyperliquid, BNB, and Cardano perpetuals.
The source also says Kalshi has sought additional perpetual products tied to metals, copper, and equity indexes. It already lists short-dated gold and silver event contracts, making the latest filing an expansion of its existing commodities-related offering rather than a first move into the space.
Kalshi said the new products could reduce roll costs and basis risk for hedgers seeking continuous exposure. In the silver filing, the company also pointed to consecutive annual silver supply deficits since 2021 and market tightness in late 2025 and early 2026.
What to watch next
The main unresolved question is whether the CFTC accepted the self-certification without objection and whether GOLDPERP and SILVERPERP were actually listed on Sept. 9 as planned.
The filing also arrives amid a broader regulatory debate over Kalshi’s perpetual futures structure. The source notes that CME Group has sued the CFTC over the agency’s treatment of Kalshi’s Bitcoin perpetual as a future rather than a swap.
For now, the confirmed development is the filing itself: Kalshi told the CFTC it intends to launch always-open, cash-settled gold and silver perpetual contracts in the U.S. derivatives market.
Source: As reported by news.google.com.
