Kalshi launches perpetual futures tied to US 500 stock index

Synopsis Kalshi has introduced a new perpetual futures contract that is linked to its US 500 index. This contract will allow traders to hold positions indefinitely, without the need to roll over. It aims to provide stock market exposure, a key step in Kalshi’s expansion as a financial exchange. The CEO mentioned leveraging long or short positions on the stock index. Prediction-market startup Kalshi launched a perpetual futures contract linked to a US stock index on Tuesday, expanding into a nascent derivatives market as it seeks to compete with traditional exchange operators, according to a Reuters report. The contract tracks…