Kalshi Launches First Equity Perpetual Future in U.S.

Jeff Bandman, chief executive officer at Kalshi Prime, said on LinkedIn 

“Kalshi launched the US 500 perpetual future, the first equity perp in America.

Kalshi Prime clients can access it starting 7 October 2026.

The US 500 tracks the total return of a Kalshi index of the largest U.S. companies, weighted by market cap. For our clients, that means broad U.S. equity exposure through the same FCM relationship they already use for crypto and commodities perps.

Equity perps are particularly exciting for our clients. I’ve spent much of my career in derivative markets, and it’s clear to me that perps are one of the most efficient instruments ever designed for directional exposure as well as risk management:

– No expiry. Traditional futures force you to roll positions and pay to do it. A perp stays open as long as you want.
– No Greeks. Options pricing involves strikes, implied volatility and time decay. A perp tracks the index, so the payoff is linear and easy to explain.
– Long and short are simplified. Shorting the market is as simple as buying it, with no borrow fees or complicated brokerage infrastructure.

Just as important for our customers is the market structure and safeguards behind the product. Risk controls include stop-loss and take-profit orders, liquidation warnings, and around-the-clock market surveillance. These are the safeguards our clients expect, applied to a product that was only available offshore.

The US 500 builds on Kalshi’s crypto perps and expanding commodities lineup. Over time, our aim at Kalshi Prime is to give clients one place to access all of it, from perps on crypto, commodities and now equities, to event contracts, with the fully regulated clearing and risk infrastructure behind them.

Disclaimer: Perpetual futures involve substantial risk of loss, which is increased by leverage, and are not suitable for all customers. Full risk disclosures: kalshi.com/prime”

Source: Jeff Bandman