Kalshi Files to List 58 Stock Perpetual Futures Amid Rising Rate Hike Bets

Prediction market Kalshi has filed an application with the CFTC to list perpetual futures for 58 stocks, including Apple, SpaceX, and ETFs like SPY and QQQ. While the exchange awaits approval, it has seen a surge in activity related to Federal Reserve interest rate bets, with the probability of an October rate hike rising to 55%. Open interest on the platform grew by 16% over nine days, reaching $1.417 billion, driven largely by election contracts and sports-related betting cycles.