Kalshi launches single-stock perps, logging over $300 million in early trading

The CFTC-regulated prediction market is moving into equity derivatives, offering leveraged exposure to more than 50 stocks and ETFs without expiry dates Kalshi, the CFTC-regulated platform best known for letting people bet on elections and economic data, now wants a piece of your stock portfolio too. The company has rolled out single-stock perpetual futures, and trading volume passed $300 million before the product was even formally announced. That figure came from co-founder Luana Lopes Lara on the morning of November 5, 2026. It covers activity since a quiet stealth rollout, so the product had a head start before anyone officially knew it existed. What Kalshi actually launched Think of a perpetual future as a stock bet that never has to end. A traditional futures contract carries an expiration date, so traders eventually have to close out or roll into a new contract. A perp simply stays open for as long as the trader wants to hold it. Kalshi’s version lets users go long or short on individual stocks without owning a single share. The lineup includes household names such as McDonald’s, Palantir, Meta, Qualcomm and NVIDIA. At launch, the menu covers more than 50 stocks and ETFs lis...