Kalshi is launching the first regulated perpetual futures in the U.S.

The CFTC approved Kalshi's bitcoin perpetual futures contract, opening a market that has seen over $90 trillion in offshore annual volume

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Kalshi announced Friday the launch of perpetual futures contracts, making it the first company in U.S. history to offer the products on a regulated domestic exchange.

The Commodity Futures Trading Commission issued an order approving KalshiEX's BTCPERP contract, a perpetual futures contract that references the spot price of bitcoin. The agency determined the contract complies with the Commodity Exchange Act and applicable CFTC regulations.

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