The reason this analysis is wrong (at least for Kalshi) is you start from a flawed assumption. Short duration crypto markets are rapidly *growing* at Kalshi, and are not being abandoned in favor of perps…we’re launching a new product line *in addition to* existing product. We will capture net-new

The reason this analysis is wrong (at least for Kalshi) is you start from a flawed assumption. Short duration crypto markets are rapidly *growing* at Kalshi, and are not being abandoned in favor of perps…we’re launching a new product line *in addition to* existing product. We will capture net-new

Kalshi Co-Founder on why they're launching the first regulated perpetual futures in the USA: "Assets like Bitcoin don't have an end date. So the derivative should not have an unnatural end date - it should be a perpetual." With regular futures, people just roll over and pay fees constantly. "Peop