Kalshi perpetual futures surpass $5.5B in volume two weeks after launch

Prediction market platform Kalshi has seen over $5.5 billion in trading volume for its cryptocurrency perpetual futures just two weeks after their launch, Bloomberg reported. The U.S. Commodity Futures Trading Commission (CFTC) approved the product last month, and it officially went live on June 3. Kalshi also recorded three consecutive days of daily trading volume exceeding $1 billion, driven by activity related to the FIFA World Cup and the NBA Finals.