Prediction market platform Kalshi plans to launch futures contracts tracking the US Consumer Price Index (CPI) and core CPI this December, targeting major banks and hedge funds. The products aim to provide standardized tools for institutional investors to trade and hedge inflation risk directly. To facilitate this expansion, Kalshi has hired former Barclays trader Michael Ashton, widely known as "Mr. Inflation," to design the contracts and grow its institutional client base. This move marks a significant step in Kalshi's strategy to bridge prediction markets with traditional financial instruments for professional traders.