Kalshi expands into stock perpetuals as debut trading tops $300 million

Kalshi’s perpetual futures linked to individual U.S. stocks generated more than $300 million in trading within hours of their United States debut, according to Unchained. The rollout took place on November 5.

A new product category for Kalshi

The offering covers more than 50 NYSE and Nasdaq names, including Palantir, Meta, SpaceX and McDonald's, according to Unchained. It extends Kalshi’s product lineup into perpetual futures tied to individual stocks.

Kalshi said it is the first company in the country to offer these products. That first-mover claim comes from the company; the supplied material does not provide independent verification.

Co-founder Luana Lopes Lara described the rollout on X as a “stealth launch.” Despite that characterization, the reported trading total indicates substantial activity in the opening hours. The available material does not detail how that volume was distributed among the stock-linked contracts.

What it means for prediction markets

• Product scope is expanding: The launch gives prediction-market readers another category of Kalshi activity to track, distinct from its event-contract business.
• Early volume has limits as a signal: More than $300 million traded within hours, but the supplied reporting does not establish whether that pace continued or how broadly participation was spread.
• Company claims require attribution: Kalshi’s assertion that it is the first U.S. provider should remain separate from the reported launch date, coverage and trading total.