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

Kalshi launched single-stock perpetual futures and recorded over $300 million in early trading volume, marking the prediction market's expansion into US equity derivatives. The contracts let traders take leveraged positions on individual stocks without expiration dates, positioning Kalshi against traditional brokers and established derivatives venues. The launch matters because it tests whether perpetual-style structures can gain traction in US equities, a market long dominated by options and futures with fixed expiries. Watch for regulatory scrutiny from the CFTC and whether volumes hold up beyond the initial launch window as Kalshi competes for market share with incumbent brokers.